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PARLIAMENT BRIEFING 15 SEPTEMBER 2009

PARLIAMENT BRIEFING 15 SEPTEMBER 2009. 15 September 2009. OBJECTIVES. Background to Inseta Achievements towards DoL targets /Transformation Training Layoffs Closure. Background: Inseta Vision. INSETA - what it stands for “Working today for a skilled tomorrow” Our Vision:

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PARLIAMENT BRIEFING 15 SEPTEMBER 2009

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  1. PARLIAMENT BRIEFING 15 SEPTEMBER 2009 15 September 2009

  2. OBJECTIVES • Background to Inseta • Achievements towards DoL targets /Transformation • Training Layoffs • Closure

  3. Background: Inseta Vision INSETA - what it stands for “Working today for a skilled tomorrow” Our Vision: “Inseta promotes and enables quality skills development through funding education and training in South Africa to meet national skills agenda and contributes to transformation in the sector”

  4. Size and scope of the insurance sector The insurance sector forms part of a large and rapidly growing financial business services sector in SA The insurance sector covers the following sub sectors. WSP data

  5. Educational Profile of the Insurance Sector

  6. EMPLOYMENT GROWTH WITHIN THE INSURANCE SECTOR • Employment growth over a five year period has revealed a steady growth in black employment • There has been a higher employment growth of black females as opposed to white females • Employment of disable people

  7. EMPLOYMENT GROWTH WITHIN THE INSURANCE SECTOR

  8. EMPLOYMENT GROWTH WITHIN THE INSURANCE SECTOR • More than half of the workers in the Sector lived in Gauteng • Other provinces accommodated only small components of the Sector – mostly brokerages • More than half of the employees in the Sector are women

  9. Insurance Sector Equity Profile 2004 - 2008

  10. Equity Profile of the Sector

  11. NUMBER OF BEE PROVIDERS THAT ENCOMPASS VARIOUS TRADE COMMODITIES • IT remains one of our challenge areas in terms of operational requirements • HR and administrative commodities are well dispersed amongst BEE Providers • Inseta use of BEE Providers within the marketing industry is well maintained

  12. ABET The number of workers that enrolled for ABET levels has been the highest between Year 7 and 8 depicting the increased awareness of ABET training within the working environment. Year 10 – Programme to train 800 ABET Total no. of workers for the sector to enter ABET Levels 1-4

  13. PROMOTION OF TRANSFORMATION AND CONFIDENCE IN THE FINANCIAL SECTOR THROUGH INSETA INTERVENTIONS AND PROJECTS • INSETA has promoted transformation through some of the following interventions and projects: • FAIS Interventions – In 2004 over 20 000 brokers received their initial credits 30/60 credits • WIN Project – Approximately 77 women have graduated between 2004 and 2006 • Black Brokers Empowerment – Approximately 50 brokers have been empowered to become training providers • Training of Black Lecturers – Approximately 20 lecturers from UWC have been trained • Bursaries and Vouchers

  14. THE QUANTIFIABLE CONTRIBUTION THAT INSETA HAS MADE TO THE POOL OF INTELLECTUAL CAPITAL IN THE INSURANCE SECTOR • ISOE • Year 6 • University of the Western Cape – R500,000.00 • University of Cape Town – R500,000.00 • Year 7 • Umfolozi College – R500,000.00 • Nelson Mandela Metropolitan University – R500,000.00 • Year 8 • Nelson Mandela Metropolitan University – R500,000.00 • Year 9 Durban University of Technology, AUSD and Intec

  15. TOTAL FINANCIAL OUTLAY BY INSETA IN RELATION TO LEARNERSHIPS, BURSARIES AND VOUCHERS OVER THE PAST FIVE YEARS

  16. LEARNERSHIPS Learnership funding to the value R 19 ,5 mil approved Learnerships targets were exceeded – well received by the sector Inseta exceeded its disability targets by 299% through learnerships 77% of disabled learners were offered permanent employment after completion Sector geared up to accommodate disabled learners CHALLENGE – Intellectually disabled learners Special project for Year 10

  17. MANDATORY GRANTS YEAR 9 • 468 levy payers received mandatory grants • Payout percentage 88% • 792 SDFs are registered with Inseta across 9 provinces

  18. ETQA Year 9 • Inseta was reaccredited as a ETQA with SAQA. Minimum required to be • reaccredited is 100% • 1962 learners achieved full qualifications after verification • 2,240 unit standards through short skills programmes after verification • 175 assessors and 54 moderators approved • Systems support training to assist providers • Challenges backlogs - eradicated

  19. Corporate Governance • 9 years of unqualified audits • Governance issues were rapidly dealt with • Best Practices in policy environment • Risk Assessment Framework regularly reviewed enterprise wide management of risk • Investments – short term fixed deposits with the big 4 SA banks – not more than 40% in 1 institution

  20. Financial Management • Levy income resilient for Year 9 despite global conditions • 14% increase in levies • Through close management of spending ended the year with an admin surplus of R2.5mil • R126. 2 million was allocated to Discretionary Projects • Challenges – process improvements to increase spend

  21. Training Layoffs • Research report commissioned to provide intelligence on the sector • Employment equity slow down • No layoffs planned for the short term • Bursary Funding proposed to fund layoffs which may arise • Working closely with CCMA and other role players • Emphasis on speed time is of essence • Quality training for employability • Increased spend on projects for employability • Accelerated delivery

  22. THANK YOU

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