Our Mandate

Our Mandate

OUR MANDATE

In terms of the Skills Development Act, No 97 of 1998 as amended by the Skills Development Act, within the National Skills Development Strategy (NSDS) framework; BANKSETA is mandated to develop skills in the banking and microfinance sector. It does so by:

  • Encouraging employers in its sector to develop an active learning environment in the workplace.
  • Providing employees with opportunities to acquire new skills / progress their careers
  • Increasing levels of investment in workplace education and training.
  • Promoting transformation as guided by the NSDS equity targets of 85% Black, 54% Female and 4% disabled.

Ultimately this means that work-seekers find employment, retrenched workers re-enter the market and employers find qualified employees in a fair and equitable framework