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Enhancing Skills Development in Banking Sector - BANKSETA Presentation

Learn about BANKSETA's mission, staff, scope, success factors, strategic focus, operations principles, governance, major banking issues, learner initiatives, and financial information.

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Enhancing Skills Development in Banking Sector - BANKSETA Presentation

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  1. BANKSETA Presentation To Portfolio Committee on Labour 14 October 2004 By Frank Groenewald

  2. The BANKSETA mission is to support transformation and people development and, through partnerships, to enable stakeholders to advance the national and global position of the broader banking and microfinance industry.

  3. BANKSETA STAFF = 18

  4. BANKSETA Scope • Central banking • Discount houses, commercial and other banking • Building Societies • Financial mediation • Lease financing • Securities dealings • Activities ancillary to financial mediation

  5. Skills Development Priority Areas (critical skills) • Information Technology related skills development • Management and Leadership skills development • Customer Interface related skills development • Specialist Financial skills development • Legislative Compliance relates skills development

  6. BANKSETA Success Factors • Committed and Informed Sector • Competent Council/Board providing strategic direction. • Strong culture of corporate governance, ownership and ethics. • Clear vision and objectives. • Knowledgeable, competent, committed staff. • Strong culture of needs driven delivering. • Strong focus on evaluation and feedback

  7. BANKSETA Strategic Focus • (Sector and National) • Finance Sector Charter • Youth development • Consumer Education • SMME Development • Research, Benchmarking and Communication

  8. BANKSETA Principles of Operations • Accelerate social transformation through skills development: (85%,Black, 54% women, 4% disabled.) • Leverage the skills levy funds for the strategic benefit of the sector and the NSDS • Be cost-effective and co-source non-core delivery mechanisms. • Employ leading edge technology and best management practices. • Conduct research and benchmarking in order to improve the sector’s competitiveness through skills development. • Be a hub for sector collaboration.

  9. Governance - BANKSETA Council • Employer Forum • Sipho Ngidi SBSA (Chair Person) • Lawrence Mlotshwa ABSA • Sheila Motsepe SARB • Francois Hugo FNB • Hennie Ferreira MFSA • Shirley Zinn Nedcor • Employee Forum • Eugene Ebersohn SASBO (Deputy Chair) • Ben Venter SASBO • Eugene Zeeman IBSA • Jo Kokela SASBO • Trevor Dell SASBO • Vanessa Hatting SASBO

  10. Governance • Fully constituted Council • Constitution and Code of conduct • Public Finance Management Act (PFMA) • King ll • Audit Committee and Finance committees • Internal Audit ( Gobodo &OMA) • Unqualified Audit Reports x4 (Auditor General) • External Expertise (Chief Financial Officer and Audit managers from big banks) • Remuneration Committee • Formally agreed processes • Annual research conducted by experts • Business & Labour represented

  11. Major issues for Banking • Most Important Developments (Finance Sector Charter (HR most difficult) and Compliance) • Bankers criticism of the Financial System (Cartel behaviour) • Market Competition (Corporate vs Merchant and Investment banking, Retail, Home loans and Vehicle finance extremely competitive, Internet banking – not so much) • Drivers of Change (Foreign Entrants replace Technology) • Pressing Issues (Revenue growth and Compliance) • Emerging Issues ( BEE funding structures?

  12. Employment Trends

  13. BANKSETA • Delivery

  14. Unemployed (18.2) Learner Breakdown

  15. Letsema Learnership Project • Large number of learners: • Year 1: 825 learners • Year 2: 813 learners • Year 3: 825 learners • 2 Learnerships • Financial Services Advice Learnership • Management Development Learnership

  16. Letsema I Successes • NSDS Equity Targets : • 98.5% Black (Target of 85% exceeded) • 56.1% Female (Target of 54% exceeded) • 4% Disabled (Target of 4% met) • Letsema I successful completions: • 86% • Letsema I employment • 77% (635 learners)

  17. Letsema II • All NSDS equity targets met • 813 learners recruited • 22 Employers participating • Learners placed in 4 Provinces

  18. Letsema III • 825 learners to start the Financial Services Advice Learnership on 1 February 2006 • 16 Employers participating • Learners placed in all 9 Provinces

  19. BANKSETA Finances 2004/2005

  20. 2004/05 Financial Information

  21. Financial Overview

  22. Discretionary Funds • Total surplus funds allocated: R162,2 Million • Total surplus funds spent: R107,3 million

  23. Mandatory grants • Total mandatory grants approved: R501,316 million

  24. BANKSETA Biggest Concerns • Lack of focus • Many small initiatives / no critical mass • Negative public perception • Unrealistic expectations (Cannot be all things to all people) • Unrealistic performance expectation in relation to the NSDS • Loss of Small organisations due to new threshold (R500 000.00)

  25. THANK YOU

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