frank groenewald
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Frank Groenewald
Johannesburg
12 October 2006
BANKSETA:The Next Three Years
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THE SECTOR
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Major issues for bankingPWC Report 2005
1. Most Important Developments (Finance Sector Charter (HR most difficult) and Regulation)
2. Market Competition (Corporate vs Merchant and Investment banking, Retail, Home loans and Vehicle finance extremely competitive)
3. Drivers of Change (Foreign Entrants replace Technology)
SA Financial Services Conference 2005
1. Growing regulatory pressures (58/102 Act impact on banking)2. Pressure on bank charges3. Disintermediation and increased competition4. Diversification of income streams5. The Finance sector Charter6. Competition for good talent7. BEE Importance and Opportunities
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The Mandate
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SDA Legislative objectives• Developing a culture of high quality lifelong learning;
• Fostering skills development in the formal economy for productivity and employment growth;
• Stimulating and supporting skills development in small businesses;
• Assisting new entrants into employment to make South Africa a more equal place for everyone;
• Stimulate and support skills development in SMME’s;
• Improve employment prospects for previously disadvantage persons and Assist new entrants into the labour market;
• Promote opportunities for skills development in development initiatives.
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SAQA objectives
• Integrated National Framework
• Facilitate access, mobility and progression with Education & Training
• Enhance Quality of Education & Training
• Accelerate the redress of past discrimination in Education & Training
• Full personal development of each learner
• Social & economic development of the nation at large
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FITTING IT ALL TOGETHER
Department of Education
NSBs
Department
of Labour
ETQAs
(per industry sector)
SGBs
Training Providers
Assessors
National Skills Authority
SETAs
(per industry sector)
COMPANY
Skills Development
Planning unit
SAQA
SARS
Refund
Standards Quality
DOL NSA
22 SETAs
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The flow of funds
National Skills Authority 20%
SETA Operations 10%
Mandatory 50%
Discretionary 20% (Penalties, Interest and Operational Savings)
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“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”.
BANKSETA Mission
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Banking sector scope
Central banking Discount houses, commercial and other banking Building Societies Financial mediation Lease financing Securities dealings Activities ancillary to financial mediation
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1. Accelerate social transformation through skills development: (85%,Black, 54% women, 4% disabled.)
2. Leverage the skills levy funds for the strategic benefit of the sector and the NSDS
3. Be cost-effective and co-source non-core delivery mechanisms.
4. Employ leading edge technology and best management practices.
5. Conduct research and benchmarking in order to improve the sector’s competitiveness through skills development.
6. Be a hub for sector collaboration.
BANKSETA principlesof operations
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1. Information Technology related skills development
2. Management and Leadership skills development
3. Customer Interface related skills development
4. Specialist Financial skills development
5. Legislative Compliance related skills development
SKILLS DEVELOPMENT PRIORITY AREAS (critical skills)
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1. Finance Sector Charter
2. Youth development
3. Adult Development
4. SMME Development
5. Research, Benchmarking and Communication
BANKSETA STRATEGIC FOCUS
(Sector and National)
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Strategy MatrixBANKSETA Finance
Sector Charter
SME Develop-ment and Support
Youth Develop-ment
Adult Education and CPD
Research Benchmar-
king and Communi-cation
Objective 1: Prioritizing and communica-ting critical skills for sustainable growth, development and equity
Skills audit for Banking
Research :
• Scarce
skills
• Future
skills
Skills Audit for Micro Finance
Career Guidance
Co-Operative Banks Shareholder Development
• Saratoga • ASTD Conference• BANKSETA International Conference
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Strategy MatrixBANKSETA Finance
Sector Charter
SME Develop-ment and Support
Youth Develop-ment
Adult Education and CPD
Research Benchmar-king and Communi-cation
Objective 2: Promoting and accelerating quality training for all in the workplace.
• Woman development projectDevelopment Project•International Executive Development Programme•Middle Management development programme
• SME
Voucher
programme
• CPD for
SME
market
• Building a
better
Business
• Investors in
People
Initiative for
SME
• 18.1
Learner-
ships
• CPD for
large and
Medium
firms
• Masters
Bursary
Scheme
• Abet
Support
• Lender
Education
•Investors in People Initiative
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Strategy MatrixBANKSETA Finance
Sector Charter
SME Develop-ment and Support
Youth Develop-ment
Adult Education and CPD
Research Benchmar-king and Communi-cation
Objective 3: Promoting employability and sustainable livelihoods through skills development.
Co-Operative bank staff development
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Strategy MatrixBANKSETA Finance
Sector Charter
SME Develop-ment and Support
Youth Develop-ment
Adult Education and CPD
Research Benchmar-king and Communi-cation
Objective 4
Assisting designated groups, new entrants in work-based programmes
Learnerships for unemployed people
•Graduate learnership for unemployed
•Bursaries
•Bridging Programmes
•New Venture Creation
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Strategy MatrixBANKSETA Finance
Sector Charter
SME Develop-ment and Support
Youth Develop-ment
Adult Education and CPD
Research Benchmar-king and Communi-cation
Objective 5: Improving the quality and relevance of provision
BEE Training provider capacity building
Centres of Excellence
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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
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The way Forward
Think Big
Start Small
Scale Fast
and
NEVER EVER EVER
Forget the MANDATE
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We are your organisation. – Own us
– Support us
– Share information with us
We will be successful Together
In Conclusion
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• Address• Block no. 15
• Thornhill Office Park
• 94 Bekker road
• Midrand
• Telephone• 011 805 9661
• Fax• 011 805 8348
• Call Centre• 086 102 0002
• Website• www.bankseta.org.za
Thank you
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List of Acronyms
• BEE Black Economic Empowerment
• DOL Department of Labour
• NSA National Skills Authority
• SGB Standards Generating Bodies
• SAQA South African Qualifications Authority
• ETQA Education and Training Quality Assurance
• SARS South African Revenue services
• SETA Sector Education and Training Authority
• SMME Small Micro and Medium Enterprises