1. AGM presentation 16 Sep 20151

2. 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 2015 2

3. Employers info – March 2015 AGM presentation 16 Sep 20143 20,004 (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%

4. Levy Growth AGM presentation 16 Sep 20154

5. Levies Analysis YearAmount R’000Percentage Growth % 2011 172 372 6.71% 2012 206 026 19.52% 2013 223 180 8.32% 2014 269 932 20.95% 2015 292 209 8.25% AGM presentation 16 Sep 20155

6. 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

7. Statement of Financial Performance March 2015 INCOME2014/15 R’000 2013/14 R’000 % Movement Levies, penalties & interest 298,378273,5659.07% NSF & special projects income 14,95824,70239.45% Investment and other income 13,277 9,34742.05% Total326,613307,6146.18% AGM presentation 16 Sep 20157

8. Statement of Financial Performance March 2015 EXPENSES2014/15 R’000 2013/14 R’000 % Move Employer grant Discretionary FET Infrastructure Transfer to NSF 46,332 141,922 0 85,016 54,936 144,276 24,844 0 (15.68%) (1.63%) (100%) 100% Admin expenses and finance costs 36,36731,53415.33% NSF & Special project expenses 14,95824,702(39.45%) Total324,595255,44927.07% Net Surplus/(Deficit):2,01952,16596.13% 8

9. Statement of Financial Position March 2015 ASSETS2014/15 R’000 2013/14 R’000 % Move Property Plant & Equipment4,8824,5028.44% Intangible assets Receivables 39 25,955 5 17,710 680% 46.56% Cash and Bank297,889213,84739.30% Total328,765236,06439.27% AGM presentation 16 Sep 20159

10. Statement of Financial Position March 2015 EQUITY & LIABILITIES2014/15 R’000 2013/14 R’000 % Move Grant and Other Reserves 170,603168,5841.20% Capitalisation reserve3,107 0% Payable & Provisions152,88061,641148.02% Grants & Donor Funding 2,1762,733(20.38%) Total328,766236,06539.27% AGM presentation 16 Sep 2015

11. 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

12. Conclusion 12 Questions?

13. Conclusion Thank You 13