AGM presentation 16 Sep 20151

Audit Opinion Auditor-General issued an Unqualified Audit Report  Financial Statements are not materially misstated  Opinion is not given on Performance Information  Material adjustments to commitments and NSF projects were processed in the current year AGM presentation 16 Sep

Employers info – March 2015 AGM presentation 16 Sep ,004 (2014: 18,401) registered employers 5,885 (2014: 4,147) employers paying SDL levy - Total levies received R292,2 (2014: R269,9M) Applications received by 30 April 2014 (for 2015): WSP’s =1,693 (2014: 1,689 ) Total amount paid towards Mandatory Grants – R46,3M (2014: R54.9M) Payout is 72%

Levy Growth AGM presentation 16 Sep 20154

Levies Analysis YearAmount R’000Percentage Growth % % % % % % AGM presentation 16 Sep 20155

Project Grant Expenditure March 2015 Total project spend: R141.9M (2014: R144.2M) 1.6% decrease Top 10 projects on based on commitments balances Commitments balance 6 Name R-Millions Artisans – 18.2 (2014/15)R17.6M Artisans – 18.2 (2013/14)R11.3M Wil KZNR9.6M InternshipsR9.4M Bursaries 18.2R9.4M Artisan – 18.1 (2013/14)R9.3M Bursaries 18.1R7.1M LS 18.2R6.1M Artisan – 18.1 (2014/15)R6.8M Artisan – 18.2 (2015/16)R6.6M

Statement of Financial Performance March 2015 INCOME2014/15 R’ /14 R’000 % Movement Levies, penalties & interest 298,378273, % NSF & special projects income 14,95824, % Investment and other income 13,277 9, % Total326,613307, % AGM presentation 16 Sep 20157

Statement of Financial Performance March 2015 EXPENSES2014/15 R’ /14 R’000 % Move Employer grant Discretionary FET Infrastructure Transfer to NSF 46, , ,016 54, ,276 24,844 0 (15.68%) (1.63%) (100%) 100% Admin expenses and finance costs 36,36731, % NSF & Special project expenses 14,95824,702(39.45%) Total324,595255, % Net Surplus/(Deficit):2,01952, % 8

Statement of Financial Position March 2015 ASSETS2014/15 R’ /14 R’000 % Move Property Plant & Equipment4,8824, % Intangible assets Receivables 39 25, , % 46.56% Cash and Bank297,889213, % Total328,765236, % AGM presentation 16 Sep 20159

Statement of Financial Position March 2015 EQUITY & LIABILITIES2014/15 R’ /14 R’000 % Move Grant and Other Reserves 170,603168, % Capitalisation reserve3,107 0% Payable & Provisions152,88061, % Grants & Donor Funding 2,1762,733(20.38%) Total328,766236, % AGM presentation 16 Sep 2015

Discretionary Reserve AGM presentation 16 Sep 2015 YearDiscretionary Reserve Contracted 2014/15R169,38MR162.49M 2013/14R167,44MR133,26M % Movement 1.16%21.93% Allocation of Discretionary Reserves

Conclusion 12 Questions?

Conclusion Thank You 13