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Presentation of the

Isett Seta Annual Report

2009 / 2010 to the

Portfolio Committee on Education

10 November 2010

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INTRODUCTION OF DELEGATES

• Mr. Lesaiye Chiloane: Chairman

• Mr. Oupa Mopaki: CEO

• Mr. Jabu Sibeko: Senior Manager for Learning Programmes

• Mr. Menzi Fakude: CFO

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Contents

• Overview

• Staff compliment

• NSDS targets vs actual

• No. of unemployed people who have entered learning programmes

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Contents

• No. of learners provincially• No. of learners assisted to gain work

experience• No. of interns provincially• Accredited training providers

provincially

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Contents

• Statement of financial performance

• Statement of financial position

• Emphasis of matter

• Auditor General’s report

• Questions and Answers

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Overview

NSDS 2009 - 2010• The Isett Seta has indeed continued to live up to

its mission statement by providing learning and employment opportunities to 1, 452 unemployed learners during the year under review.

• This is in addition to the 1, 368 unemployed learners who were skilled in the first three years of the National Skills Development Strategy.

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Isett Seta Staff Compliment as at 31 March 2010

LevelBlack White Coloured Indian

TotalM F M F M F M F

CEO 1 1

Senior Management 2 1 3

Middle Management 2 2

Regional Coordinator 1 1

Officers 2 1 3

Advisors 3 1 4

Administration Staff 8 10 18

Total16 (46%)

12 (39%)

3 (9%)

2 (6%)

32 (100%)

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NSDS Targets vs Actual

Indicator Target Actual1.1 1 x Sector Skills Plan 1 x Sector Skills Plan

1.2 1 x Critical Skills Guide 1 x Critical Skills Guide

200 Skills Development Facilitators (SDF) trained

3,501 SDFs trained

2.1 94 large firms 123 large firms

147 medium firms 194 medium firms

2.2 738 small firms 1,429 small firms

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Indicators 2.1 and 2.2 Trends

121153

405

112

178

446

126

202

496

123

194

545

0

100

200

300

400

500

600

Nu

mb

er

of

Co

mp

an

ies

2009-20102008-20092007-20082006-2007

Financial Year

150+

50-149

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Number of companies that submitted WSPs and were paid mandatory grants, categorised by number of employees, during 2006-2007, 2007-2008, 2008-2009 and 2009-10

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NSDS Targets vs Actual

Indicator Target Actual

2.5 7 BEE firms to participate in Skills Development (SD).

14 BEE firms participated in SD.

2.7 1,333 ABET learners to complete.

2,065 ABET learners completed.

2.8 1,479 employees to enter Learning Programmes (LPs).

1,935 employees entered LPs.

1,225 to complete LPs.

1,848 completed LPs.

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NSDS Targets vs Actual

Indicator Target Actual

3.2 6 Non Levy Paying Entities to participate in SD.

8 FET Colleges participated in SD.

4.1 264 learners to enter Learning Programmes (LP).

1,452 learners entered LP.

577 to complete LP.

1,368 completed LP.

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NSDS Target 4.1: No. of Unemployed People who have entered learning programmes

  Target Achieve-ment

No. of unemployed people who have entered learning programmes

264 1,452

No. of black unemployed people 213 1,433

No. of female unemployed people 112 853

No. of unemployed people with disabilities

10 88

No. of young people (below 35 years) 215 1,357

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No. of Learners Provincially

Province No. of Learners

Gauteng 1,134

KwaZulu-Natal 30

Western Cape 99

Limpopo 50

North West 39

Mpumalanga 100

Total 1,452

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NSDS Targets vs Actual

Indicator Target Actual

4.2

157 learners to gain workplace experience

515 learners gained workplace experience

145 to be employed

250 were employed

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Indicator 4.2: No of Learners assisted to gain work experience

  Target Achieve-ment

No. of learners assisted to gain workplace experience grants

157 515

No. of black learners 133 515

No. of female learners 72 255

No. of learners with disabilities 11 0

No. of young people (below 35 years) 157 515

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No. of Interns Provincially

Province No. of Learners

Gauteng 294

Limpopo 62

North West 27

Free State 4

KwaZulu-Natal 40

Western Cape 49

Mpumalanga 4

Eastern Cape 35

Total 515

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NSDS Targets vs Actual

Indicator Target Actual

4.3 54 learners to start new businesses

145 learners started new businesses

38 in business after 12 months

74 were in business after 12 months

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NSDS Targets vs Actual

Indicator Target Actual

5.1 1 Institute of Sectoral or Occupational Excellence (ISOE) to be recognised

2 ISOEs were recognised

5.2 4 institutes to be accredited to provide New Venture Creation Qualification

7 institutes were accredited

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Accredited Training Providers, 2009 / 2010

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Statement of Financial Performance

2009/10R'000

2008/9R'000

Skills Development Levy (Income, Interest & Penalties) 361,520 321,709

National Skills Fund income - 1,283

Donor Funding income recognised 10 16

Investment income 16,930 17,730

Other income 40 -

Employer grant and project expenses (281,875) (222,520)

Administration expenses (27,593) (28,946)

Finance costs (53) (124)

National Skills Fund expenses - (1283)

Donor Funding expenses (10) (16)

NET SURPLUS FOR THE YEAR 68,969 87,849

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Statement of Financial Position

2009/10R'000

2008/9R'000

Non-current assets 1,592 2,156

Current assets 263,348 195,157

Non-current liabilities (40) (447)

Current liabilities (34,586) (35,521)

NET ASSETS 230,314 161,345

Net Assets represented by:

Administration reserve 1,522 1,981

Employer grant reserve 255 558

Discretionary reserve 288,537 158,806

230,314 161,345

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Emphasis Of Matter(AG’s Report)

Significant Uncertainties• As disclosed in note 20.2 to the financial

statements, there were two pending litigation cases against the Isett Seta at 31 March 2010, of which the outcomes were unknown at the date of this report.

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Emphasis Of Matter(AG’s Report)

Restatement of corresponding figures

• As disclosed in note 24 to the financial statements, the corresponding figures for 31 March 2009 have been restated as a result of errors discovered during 2009-10 in the financial statements of the Isett Seta for the year ended 31 March 2010.

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Auditor General’s Report 2009/10

Unqualified Audit Opinion

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Q & A

Questions and Answers

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Thank you

www.isett.org.za

Tel: (011) 207 2600