BANKSETA AR 31 AUGUST

PART A: GENERAL INFORMATION ----------------- 6

PART C: GOVERNANCE -------------------------------94

PUBLIC ENTITY’S GENERAL INFORMATION----- 7

INTRODUCTION-------------------------------------------95

LIST OF ACRONYMS ------------------------------------- 8

BANKSETA GOVERNANCE STRUCTURE --------96 Board Members ----------------------------------------96 Governance Structure --------------------------------97 Accounting Authority/Board -------------------------98 The Board Charter ------------------------------------98 Board Composition------------------------------------98 Board Committees ---------------------------------- 101 Board and Committee Member Remuneration ---------------------------------------- 102 Risk Management ---------------------------------- 104 Fraud and Corruption------------------------------- 105 Internal Audit------------------------------------------ 105 Minimising Conflict of Interest -------------------- 106 Code of Conduct------------------------------------- 106 Audit and Risk Committee Report--------------- 109 PART D: HUMAN RESOURCES MANAGEMENT----------------------------------------- 112 STATEMENT OF FINANCIAL RESPONSIBILITY--------------------------------------- 119 REPORT OF THE AUDITOR-GENERAL ANNUAL --------------------------------------------------- 121 FINANCIAL STATEMENTS Statement of Financial Position ---------------------- 125 Statement of Financial Performance---------------- 126 Statement of Changes in Net Assets --------------- 127 Cash Flow Statement ----------------------------------- 128 Statement of Comparison of Budget and Actual Amounts ------------------------------------- 129 Accounting Policies ------------------------------------- 130 Notes to the Annual Financial Statements -------- 148 HUMAN RESOURCES OVERVIEW ---------------- 113 PART E: FINANCIAL INFORMATION ------------- 118

ABOUT THIS REPORT ----------------------------------10

CHAIRPERSON’S FOREWORD ----------------------11

CHIEF EXECUTIVE OFFICER’S REPORT---------14

STATEMENT OF RESPONSIBILITY AND CONFIRMATION OF ACCURACY FOR THE ANNUAL REPORT ----------------------------------------17 STRATEGIC OVERVIEW --------------------------------18 Vision -----------------------------------------------------18 Mission ---------------------------------------------------18 Our Corporate Values --------------------------------18 Constitutional Mandate-------------------------------18 Legislative Mandates ---------------------------------18

OUR MANDATE--------------------------------------------19

ORGANISATIONAL STRUCTURE--------------------22

PART B: PERFORMANCE INFORMATION -------24

AUDITOR-GENERAL’S REPORT: PREDETERMINED OBJECTIVES --------------------25 OVERVIEW OF PERFORMANCE --------------------25 Service Delivery Environment ---------------------25 Organisational Environment ------------------------26 Key Policy Developments and Legislative Changes -------------------------------------------------26 Progress Towards Achievement of Institutional Impacts and Outcomes --------------27 INSTITUTIONAL PROGRAMME PERFORMANCE INFORMATION---------------------------------------------30 Programme 1: Administration-----------------------30 Programme 2: Skills Planning ----------------------41 Programme 3: Learning Programmes------------45 Programme 4: Quality Management --------------69 REVENUE COLLECTION -------------------------------71 CAPITAL INVESTMENT ---------------------------------71 PERFORMANCE HIGHLIGHTS -----------------------72 PROVINCIAL PROGRAMME DIVERSIFICATION----------------------------------------90 BANKSETA AT A GLANCE ------------------------------92

5

BANKSETA ANNUAL REPORT 2021/22