Register your company with the BANKSETA if you have not done so already. If your company is levy paying, then please submit your SARS registration documents. If your company is non-levy paying, then please submit your Company Registration Documents.
This also requires your company SIC code. SIC stands for Standard Industrial Classification code. In simpler terms, SIC is the code that reflects the main business activity or your organisation:
81110 Monetary Intermediation
- 81121 Discount Houses and Commercial and Other Banking
- 81122 Building Society Activities
- 81900 Other Financial Intermediation (Not elsewhere captured)
- 81910 Lease Financing
- 83101 Security Dealing
- 83102 Activities Ancillary to Financial Mediation
- 90002 Microfinance
Appoint a SDF from within your business. This person acts as liaison between the BANKSETA and your company. They ensure that the WSP/ATR is developed and implemented. The BANKSETA will build skills development capacity within your organisation to enable your company to meet the minimum skills development requirements.
The SDF will register online on the BANKSETA MIS. This is done online. Please visit www.banksetamis.org.za.
The SDF should access the BANKSETA system and make sure all information is completed or updated. The system can be accessed through the BANKSETA website www.bankseta.org.za. the banner will display the ‘stakeholder login’ option. kindly select and the system will direct you to the bankseta mis.
The next step is compiling a WSP. This is completed annually by levy paying and non-levy paying companies. This process should be inclusive, with the employer consulting with all employees or employee representatives, irrespective of the level or rank in the company.