1. BANKSETA ANNUAL GENERAL MEETING 2005 21 September 2005

2. OPENING AND WELCOME TREVOR RAMMITLWA CORPORATE SERVICES MANAGER, BANKSETA

3. BANKSETA AGM AGENDA (14h00-16h00) 1. Opening and welcome – Trevor Rammitlwa 2. Apologies – Trevor Rammitlwa 3. Minutes of previous AGM and matters arising – Trevor Rammitlwa 4. Chairman’s report – Sipho Ngidi 5. CEO’s Report - Frank Groenewald - Approval of Financial Statements 2004/5 - Approval of Annual report 6. Introduction of new Council Members 7. BANKSETA Highlights 8. General – Trevor Rammitlwa 9. Closure – Trevor Rammitlwa

4. APOLOGIES APOLOGIES TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA

5. MINUTES OF PREVIOUS AGM & MATTERS ARISING TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA

6. BANKSETA ANNUAL GENERAL MEETING 2005 CHAIRMAN’S REPORT Sipho Ngidi CHAIRMAN, BANKSETA

7. BANKSETA ANNUAL GENERAL MEETING 2005 CEO’S REPORT Frank Groenewald CEO, BANKSETA

8. BANKSETA Guiding Principles 1.Social Transformation 2.Sector participation 3.Be cost effective 4.Leading edge technology and best practices 5.Research and Benchmarking 6.Be a hub for sector participation

9. Overview - BANKSETA 20012002200320042005 PER YEARR’000 Project expenses paid -3 84017 59635 06950 783 Adjusted income (#) 56 465137 187150 237156 277192 911 Income % variance -143%10%4%23% Administration costs 5 48710 53412 25413 25815 715 Admin cost % variance -92%16%8%19% Administration surplus - Rand 7 2713 3993 9063 4936 346 Administration surplus - % 57%24% 21%29% # Income adjusted for changes in estimates in respect of previous years

10. Mandatory grants Total mandatory grants approved to date: R501,316 million 20012002200320042005 PER SCHEME YEAR R’000 Mandatory grants approved 35 224106 148106 766118 298134 881 Pay-out %84%96% 97%96%

11. Surplus funds – Projects Total surplus funds allocated: R162,2 million Total surplus funds spent: R107,3 million 20012002200320042005 CUMULATIVER’000 Surplus funds available (A) 12 95428 55581 280125 680166 022 Surplus funds allocated (B) 028 55569 276126 617162 219 (B) as % of (A)-100%85%101%98% Surplus funds spent (C) 03 84021 43656 505107 288 (C) as % of (B)-13%31%45%66%

12. BANKSETA Council Employer Forum 1.Sipho Ngidi SBSA(Chair Person) 2.Lawrence MlotshwaABSA 3.Sheila MotsepeSARB 4.Bennie AndersonFNB 5.Hennie FerreiraMFSA 6.Shirley ZinnNedcor Employee Forum 1.Eugene Ebersohn SASBO(Deputy Chair) 2.Ben Venter SASBO 3.Eugene ZeemanIBSA 4.Joe KokelaSASBO 5.Trevor DellSASBO 6.Vanessa HattingSASBO

13. BANKSETA Staff WhiteBlackColouredIndianTotal Male22004 Female461011 Disabled01001 Vacant4 Total673020

14. BANKSETA HIGHLIGHTS

15. The BANKSETA was re-established as the Sector Education Training Authority for the Banking and Micro Finance industry until 2010.

16. Current status Sector Commitment Re-establishment process NSDS DoL assessment

17. Customer Satisfaction Survey 2004

18. 16 Learnerships registered (10 more in process) Banking sector employers participating in 22 Learnerships including 7 learnerships registered by other SETAS 30 Employers participating in various learnerships Employed learners on learnerships increased with 3777, now total of 4056 Unemployed learners on niche learnerships increased by 71% to 406 In addition to this, the Letsema Project recruited 1639 unemployed youth LEARNERSHIPS

19. Letsema I learners graduated on 19 March 2005 709 of original 826 completed - 86% completion rate 582 employed - 70% employment rate 8 Employers participated Project Cost R54 580 000-00 LETSEMA I LEARNERSHIP PROJECT

20. Letsema II recruited 813 learners Learners placed in Gauteng, Free State, KZN and Western Cape 22 participating Employers Budget R46 million LETSEMA II LEARNERSHIP PROJECT

21. Project Successes Increase in SMME Participation to 28 % 161 Small Companies benefited 323 Learners received training Workplace Skills Plan submissions increased by 14% Training Vouchers Redeemed R837 606.00 SMME TRAINING VOUCHER PILOT PROJECT

22. The implementation of the Financial Sector Charter SMME Development Youth Development Consumer Education and research Benchmarking and communication BANKSETA STRATEGIES 2005 - 2010

23. QUESTIONS?

24. GENERAL AND CLOSURE GENERAL AND CLOSURE TREVOR RAMMITLWA : CORPORATE SERVICES MANAGER, BANKSETA TREVOR RAMMITLWA : CORPORATE SERVICES MANAGER, BANKSETA

25. BANKSETA THORNHILL OFFICE PARK BLOCK NO. 15 BEKKER ROAD MIDRAND 1685 TEL 011 805 9661 FAX 011 805 8348 WEBSITE www.bankseta.org.zawww.bankseta.org.za