Financial performance of the ISETT SETA In Memory of our late Grant administrator – Mbuyiseli Solomon

The Year Levies received as at 31/3/01 = R44.6 millions Levies relating to grants = R27.9 millions Actual grants A and B paid as at 31/03/2001 = R11. 3 millions Payment as % of Grant Levies =40.7%

The Year Levies received in 2002 = R24.7 million Levies relating to Grants = R15.5 million Payments for grants A,B,C and D = R18.3 millions Discretionary payments = R3.3 millions Cumulative payments as % of cumulative Levy grants = 76.17%

Use of unclaimed levies Allocation towards Standards Generation process = R3 million Proposed for Learnership incentives = R5 million Marketing and Communications strategy = R1 million Funding of ISETT Mobile = R1 million

Success factors Tireless dedication by Grant and levy payments staff The magnificent roles played by SDF’s in providing: –WSP’s –Reports and –Banking details

The Year 2001 – 02 Levy cash received as of today = R92.53 million Levies relating to grants = R80.96 Grant A paid =R8.2 million Grant B payable by April 2002 ( based on grant A paid) = R27.21 million

Key success factors The introduction of ISDF’s More awareness from companies of the importance of NSDS Marketing campaign by DoL and ISETT Use of electronic funds transfer and cooperation from SDF’s and ISDF in providing banking details

Thank You