BANKSETA ANNUAL GENERAL MEETING September 2005

OPENING AND WELCOME TREVOR RAMMITLWA CORPORATE SERVICES MANAGER, BANKSETA

BANKSETA AGM AGENDA (14h00-16h00) 1. Opening and welcome – Trevor Rammitlwa 2. Apologies – Trevor Rammitlwa 3. Minutes of previous AGM and matters arising – Trevor Rammitlwa 4. Chairman’s report – Sipho Ngidi 5. CEO’s Report - Frank Groenewald - Approval of Financial Statements 2004/5 - Approval of Annual report 6. Introduction of new Council Members 7. BANKSETA Highlights 8. General – Trevor Rammitlwa 9. Closure – Trevor Rammitlwa

APOLOGIES APOLOGIES TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA

MINUTES OF PREVIOUS AGM & MATTERS ARISING TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA

BANKSETA ANNUAL GENERAL MEETING 2005 CHAIRMAN’S REPORT Sipho Ngidi CHAIRMAN, BANKSETA

BANKSETA ANNUAL GENERAL MEETING 2005 CEO’S REPORT Frank Groenewald CEO, BANKSETA

BANKSETA Guiding Principles 1.Social Transformation 2.Sector participation 3.Be cost effective 4.Leading edge technology and best practices 5.Research and Benchmarking 6.Be a hub for sector participation

Overview - BANKSETA PER YEARR’000 Project expenses paid Adjusted income (#) Income % variance -143%10%4%23% Administration costs Admin cost % variance -92%16%8%19% Administration surplus - Rand Administration surplus - % 57%24% 21%29% # Income adjusted for changes in estimates in respect of previous years

Mandatory grants Total mandatory grants approved to date: R501,316 million PER SCHEME YEAR R’000 Mandatory grants approved Pay-out %84%96% 97%96%

Surplus funds – Projects Total surplus funds allocated: R162,2 million Total surplus funds spent: R107,3 million CUMULATIVER’000 Surplus funds available (A) Surplus funds allocated (B) (B) as % of (A)-100%85%101%98% Surplus funds spent (C) (C) as % of (B)-13%31%45%66%

BANKSETA Council Employer Forum 1.Sipho Ngidi SBSA(Chair Person) 2.Lawrence MlotshwaABSA 3.Sheila MotsepeSARB 4.Bennie AndersonFNB 5.Hennie FerreiraMFSA 6.Shirley ZinnNedcor Employee Forum 1.Eugene Ebersohn SASBO(Deputy Chair) 2.Ben Venter SASBO 3.Eugene ZeemanIBSA 4.Joe KokelaSASBO 5.Trevor DellSASBO 6.Vanessa HattingSASBO

BANKSETA Staff WhiteBlackColouredIndianTotal Male22004 Female Disabled01001 Vacant4 Total673020

BANKSETA HIGHLIGHTS

The BANKSETA was re-established as the Sector Education Training Authority for the Banking and Micro Finance industry until 2010.

Current status Sector Commitment Re-establishment process NSDS DoL assessment

Customer Satisfaction Survey 2004

16 Learnerships registered (10 more in process) Banking sector employers participating in 22 Learnerships including 7 learnerships registered by other SETAS 30 Employers participating in various learnerships Employed learners on learnerships increased with 3777, now total of 4056 Unemployed learners on niche learnerships increased by 71% to 406 In addition to this, the Letsema Project recruited 1639 unemployed youth LEARNERSHIPS

Letsema I learners graduated on 19 March of original 826 completed - 86% completion rate 582 employed - 70% employment rate 8 Employers participated Project Cost R LETSEMA I LEARNERSHIP PROJECT

Letsema II recruited 813 learners Learners placed in Gauteng, Free State, KZN and Western Cape 22 participating Employers Budget R46 million LETSEMA II LEARNERSHIP PROJECT

Project Successes Increase in SMME Participation to 28 % 161 Small Companies benefited 323 Learners received training Workplace Skills Plan submissions increased by 14% Training Vouchers Redeemed R SMME TRAINING VOUCHER PILOT PROJECT

The implementation of the Financial Sector Charter SMME Development Youth Development Consumer Education and research Benchmarking and communication BANKSETA STRATEGIES

QUESTIONS?

GENERAL AND CLOSURE GENERAL AND CLOSURE TREVOR RAMMITLWA : CORPORATE SERVICES MANAGER, BANKSETA TREVOR RAMMITLWA : CORPORATE SERVICES MANAGER, BANKSETA

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