1. SASSETA ANNUAL GENERAL MEETING
Presentation to Stakeholders
October 26th 2018
Gen. Nhlanhla Mkhwanazi
Mr. Ikalafeng Diale

2. Focus of the presentation
Financial Performance
Revenue
Expenditure Analysis
Financial Position
Commitments
Fruitless and Wasteful Expenditure
Irregular Expenditure

3. Financial Performance
2017/18 Financial Year

4. R’000 Financial Year 2017/18 2017/16 2016/15 Revenue Expenses
Employer grant and project expenditure
Administration expenditure
Surplus
( )
( )
(94 902)
85 727
( )
( )
(77 294)
( )
( )
(70 393)
39 384

5. Revenue Trend INVESTMENT INCOME CONTRIBUTIONS -GOVERNMENT DEPARTMENTS
LEVIES - PRIVATE ENTITIES
24,9
105,5
13,4
5,5
108,1
102,1
252,1
266,4
296,7
R’000
2015/16
359,7
2016/17
387,9
2017/18
427,1

6. EXPENDITURE ANALYSIS R’000 2015/16 2016/17 2017/18 ADMINISTRATION
201,6
R’000
193,2
137,9
2015/16
2016/17
2017/18
94,9
77,3
70,4
53,2
48,3
46,6
ADMINISTRATION
MANDATORY GRANTS
DISCRETIONARY GRANTS

7. Factors for Administration Expenditure
1990
Inflation Adjustment
Cost of Employment and filling of vacant positions
1995
2000
Cost of the Administration process
2005
Stabilisation of ICT infrastructure
2010
Legal Fees

8. FINANCIAL POSITION R’000 2015/16 2016/17 2017/18 Assets Current
2015/ / /18
R’000
Assets
Current
Non-Current
Liabilities
Reserves
Admin
Mandatory
Discretionary
3 184
3 078
2696
61 686 -
43 599 -
65 706 -
3 184 42
2 696
923
3 087
706

9. SUMMARISED COMMITMENT REGISTER
Learning Interventions
ABET
Artisan
Bursaries (Workers and Unemployed)
Learnerships (Employed and Unemployed)
NGO, CBO, NLPE support
Skills Programmes (Employed and Unemployed)
Internships
TVET Student Placement
University Student Placement
Commitment (R’000)
2015/16 = R
2016/17 = R
2017/18 = R

10. Fruitless and Wasteful Expenditure
2017/ / /16
Opening Balance
Add: Current Year
Add: Prior Year
Less: Amounts Condoned (23 057)
Less: Amounts Recovered (664) (1 673)
TOTAL

11. Irregular Expenditure
2017/ / /15
Opening Balance
Add: Current Year
Add: Prior Year
Less: Amounts Condoned (64 225) ( )
Less: Amounts Recovered (1 673)
Less: Amounts Written off (798)
Less: Prior Period Errors (19 727)
TOTAL

12. Fruitless, Wasteful and Irregular Expenditure
Investigate fruitless, wasteful and irregular expenditure
Determine whether losses were incurred as a result of theft
Investigate whether compliance processes were adhered to or not
Consider instituting accountability and consequence management processes
Determine whether services were delivered or not

13. Thank You