1. Annual General Meeting
25 NOVEMBER 2016

2. INSETA PERFORMANCE REPORT 2015/16

5. PERFORMANCE TOWARDS ACHIEVING NSDS III (planned)
2015/16
2014/15
Youth not in employment
4400
4800
Workers
6337
6700

6. PERFORMANCE TOWARDS ACHIEVING NSDS III (entered)
2015/16
2014/15
Youth not in employment
5616
4987
Workers
6337
8496

7. PERFORMANCE TOWARDS ACHIEVING NSDS III (certificated)
2015/16
2014/15
Youth not in employment
2048
2062
Workers
5129
4757

8. SCARCE AND CRITICAL SKILLS Developing Actuaries
Developing Actuaries remains a key focus for INSETA. This is done in partnership with the SAADP.

9. SCARCE AND CRITICAL SKILLS Bursaries for youth not in employment
INSETA partnered with public universities and TVET colleges to support 806 students studying towards full qualifications in areas of scarce and critical skills. These include B.Com Financial Management; Risk Management; Actuarial Science; NCV Financial Management and IT. 489 (61%)students completed successfully. Investment: R million

10. CATALYTIC INTERVENTIONS
Black Broker Development
Captains of Industry (Management and Leadership)

11. 2016 Highlights
Clean audit report , which is a giant step from an unqualified report in 2015
Effective oversight role of Audit Committee, HR Committee, Finance committee and the Accounting Authority (Board)
Improved compliance by management and staff
80% Performance target achievement

12. WAY FORWARD Improve throughput rates Monitoring and Evaluation
Impact assessment
Continued reliance on the effective combined assurance model

13. INSETA FINANCIAL REPORT 2015/16

14. GROWTH IN LEVY INCOME Increased by 12% from R370.8 million
to R417.0 million in 2015/16
Compared to:
Increased by 8% from R342 million
to R370,8 million in 2014/15

15. Revenue trends
Levies increased by 12% on a year on year basis as compared to 8% in the previous year The big jump of 110% increase on penalties and interest may be a signal of the levy collection intensity by SARS and this correlates with the 12% in levies. Investment income dropped by 6% due to 15% increases on disbursements in comparison to last year

16. Sources of Funds

17. Disbursements
Both Mandatory and discretionary expenditure increased by 15% compared to last year
Administration expenditure increased in direct proportion to project expenses by 15%

18. Disbursements

19. LIQUIDITY
As at March 2016 the INSETA is financially sustainable where its bank balances were able to cover its liabilities and commitments
This is an improvement over the previous financial year

20. Liquidity

21. Auditor General opinion:
“In my opinion the financial statements presents fairly, in all material respects, the financial position, financial performance and cashflows for the year then ended…”

22. Thank you