BANKSETA AR 31 AUGUST

PERFORMANCE INFORMATION

PERFORMANCE HIGHLIGHTS

Strategy and Research The role of the Strategy and Research Department is to provide insightful leadership to research, strategic planning, and skills planning. This is to fulfil BANKSETA’s objective of providing knowledgeable and evidence-based research for the development of the sector, including the sector skills plan (SSP), as well as informing the BANKSETA’s strategic and annual performance plans. In addition, the department is responsible for knowledge management and monitoring and evaluation. All these aspects contribute to the BANKSETA’s overall objective to provide skills development. Different levels of engagement are deployed for the various stakeholders including the banking and alternative banking sector, the Department of Higher Education and Training (DHET), the National Skills Authority (NSA) and academic institutions. Sector

sub-committees of skills development facilitators from different institutions inform BANKSETA’s research agenda and are consulted on skills development. BANKSETA has a responsibility to submit its sector skills plan (SSP) to the DHET which in turn analyses the plan and gives input. The SSP gives the DHET an overall and comprehensive picture of the skills needs in the sector. As the body responsible for the performance of the SETAs, interaction with the NSA ensures that governance structures and processes are compliant and adhere to the NSA’s standards. Academic institutions are the knowledge hubs of the country and BANKSETA interacts and partners with them to develop research on specific subjects. A multi-year research agenda with topics is developed and advertised for applications to conduct the research by academic and research institutions, individuals and consulting firms.

The research agenda for 2021 to 2025 consists of 14 projects. They are:

Name of Service Provider/ Research Partner Start date

Title of a Research Project Skills analysis of Fintechs and how they contribute to skills gaps in the banking sector Barriers to skills development contribution to the transformation of the banking sector Skills needs of financial cooperatives and community led savings organisations Emerging and new occupations in the banking and alternative banking sectors New Management Development models for the banking and alternative banking sector

Anticipated completion date

Purpose of Research To analyse the skills of Fintechs and how they contribute to the skills gaps in the broader banking To assist in the transformation of the banking and alternative banking sector To establish how the BANKSETA can create a system that is more responsive to the current skills need of the sector To determine the extent of the demand and the training needs To identify skills that would equip the managers and executives of the banking and alternative banking sector with skills that fit the current demands

Cape Peninsula University of Technology

1 April 2021 31 March 2024

Cape Peninsula University of Technology

1 April 2021 31 March 2024

BANKSETA-Nelson Mandela University Research Partnership

1 April 2021 31 March 2023

Mzabalazo Advisory Services

1 April 2022 31 March 2024

Mzabalazo Advisory Services

1 April 2022 31 March 2024

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PART B: PERFORMANCE INFORMATION | BANKSETA ANNUAL REPORT 2021/22