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HET
PRESENTATION TO THE PORTFOLIO
COMMITTEE ON HIGHER EDUCATION AND
TRAINING (PCHET)
PARLIAMENT OF SOUTH AFRICA, CAPE TOWN
07 November 2012
HET
2011/12 ANNUAL RESULTS
HET
STATEMENT OF FINANCIAL PERFORMANCE
HET
STATEMENT OF PERFORMANCE
DESCRIPTION2011/12R’000
2010/11 R’000
% INC/(DEC)
TOTAL REVENUE 691,113 560,804 23%
TOTAL EXPENDITURE (722,930) (476,041) 52%
SURPLUS/(DEFICIT) (31,817) 84,763 (138%)
HET
STATEMENT OF PERFORMANCE
Increase in revenue: Received 8% vs 5% projection for 2011/12 :
Average salary increase in the sector of about 10%;
Wholesale & Retail levy paying companies growth (ex Fuel Retailers) = 12%;
Fuel Retailers contribution = 4.3%
HET
STATEMENT OF PERFORMANCE
Increase in expenditure: Mandatory Grants increase – 19%; Discretionary Grants increase - 123%; (Total Discr. Grant Exp. = R354m - highest in years)
Part of contribution from new Bursary Scheme for
1000 1st and 2nd year students = 21%; and the
Unemployed Youth Assistance Programme
= 35% of expenditure
HET
STATEMENT OF FINANCIAL POSITION
STATEMENT OF POSITION
HET
DESCRIPTION 2011/12 R’000
2010/11 R’000
NOTE
TOTAL ASSETS 982,328 1,055,618 1
TOTAL LIABILITIES 100,305 141,778
CAPITAL & RESERVES 882,023 913,840 2
NOTE: CASH & CASH EQUIVALENTS 965,986 1,042,144
DISCRETIONARY RESERVE 877,934 911,071
STATEMENT OF POSITION
HET
Decrease in cash is due to:
Increase in expenditure i.e. Discretionary grants;
Resulting in 5% lower interest income:
Current liability decreases are mainly due to a reduction in
payables from non-exchange transactions (73% lower)
Number of People Trained = 338 240 (2011/2012)
Top Training interventions:
Sales Persons, Assistants and Reps.
Retail Managers / Store Managers
Cashiers – Skilled Workers;
General Admin & Finance
Store Persons (packer, shelve packer, driver)
Office Cashiers, Merchandisers
Debtor’s Clerk and Collector
MANDATORY GRANTS
Labour
MANDATORY GRANTS
Labour
Companies participating in Mandatory Grants 2011/2012
No of Levy-paying Companies
No of Participating Companies
Percentage
Large 457 414 90%
Medium 1300 1029 79%
Small 9, 651 6545 68%
MANDATORY GRANTS
Labour
Mandatory Grants disbursement of R 302m -2011/2012
Mandatory Grant disbursement performance
Mandatory grants available
Mandatory grants disbursed
Percentage
Large R 201m R 191m 95%
Medium R 58m R 44m 76%
Small R 135m R 67m 49%
MANDATORY AND DISCRETIONARY GRANTS
12 YEARS12 YEARS
Labour
Total Levies Received R4bn vs Disbursement of R3.6bn
Grant disbursement performance
Levy Received Grants Disbursed
/Allocated
Percentage
MANDATORY R2.7bn R1.97 74%
DISCRETIONARY R 901m R1.2bn 135%
ADMINISTRATION R503m R452m 90%
HET
SLA ACHIEVEMENTS
HET
DISCRETIONARY GRANTS
5 876 learners - enrolled on Learnerships (73% NQF Level 2) Target = 1500 ( over achievement due to delayed registration of project approved in the previous year).
2 774 learners Qualified in learning programmes – Target = 1500 – Extra learners are rolled over from the previous year. Completions:
1 986 learners – Learnerships (74% NQF Level 2) 788 learners – Skills Programmes
SLA ACHIEVEMENTS
HET
The improvement in Mandatory Grants expenditure was due to increased levies and ATRs / WSPs submitted;
ATRS/WSPS from all companies increased from 5 564 (2010/2011) to 7 683 (2010/2012) ATRs / WSPs from small companies increased (2010/2011)
to 6 654 (2010/2012) from 4 444 Increase in small companies due to new Fuel Retailers
SLA ACHIEVEMENTS
Discretionary Grants approved of R 636m -2011/2012
48 Projects approved – Total allocation R803m
HET
DISCRETIONARY GRANTS
CURRENT KEY STRATEGIC PROJECTS
HET
International Leadership Development Programme (R 13,8m)
Objective: accelerate leadership skills of 40 senior managers through exposure to local and
international exposure - Achieved = 38 completed
Retail Management Development Programme (R 10m)
Objective: develop management skills of 200 managers / supervisors. Feeder programme to
ILDP Achieved = 207 Registered
2011/12 Discretionary Grant Funding Windows(R 327m)
Objective: implement various initiatives (learnerships, AET, rural development, etc.) through
grants to 280 stakeholders to benefit 20,000 employed and unemployed learners - Current
Status – Registration 31/10/12 14,812
SADDT Disability Project (R30m)
Objective: Provide skills development opportunities for 420 people with disabilities - Achieved
= 268 Learners registered.
HET
NSFAS Bursary Scheme (R 185m)
Objective: provide financial assistance and workplace experience to 2000 students through
NSFAS in response to Minister of Higher Education and Training’s call - Achieved 417
W&RSETA Bursary Scheme (R 153m)
Objective: provide financial and workplace experience to 2667 university and FETC in
order to address scarce and critical skills in the sector - Achieved – 1000 1st years
registered at HETs; 1667 not achieved - Current status – Registrations – FET = 636;
HETs = 646 1009 Registrations (after 31/03/2012).
SMME Voucher System (R 32m)
Objective: provide training vouchers to 8 000 SMMEs to implement training interventions to
address their specific needs – Achieved – 8 235
CURRENT KEY STRATEGIC PROJECTS
HET
SMME Support : WSP / ATR :
Objective: To assist 7 000 small companies in completing the WSP and ATRs for
accessing Mandatory Grants and other SETA programmes – Achieved = 7 683.
CURRENT KEY STRATEGIC PROJECTS
HET
AG’s REPORT
AUDITOR – GENERAL’s REPORT
Qualified opinion – Confirmation of the
completeness and accuracy of the balance of
contracted grant commitments
HET
2011/12 ANNUAL REPORT
Emphasis of Matter:
Predetermined Objectives;
Usefulness of information;
Compliance with laws and regulations;
Internal Control.
HET
2011/12 ANNUAL REPORT
CHALLENGES/OPPORTUNITIES
HET
Poor participation by companies particularly SMMEs leading to high
cash reserves;
Availability of workplaces to host learners and unemployed graduates;
Establish sustainable partnerships with all relevant stakeholders;
Rural development initiatives;
Lack of W&R programmes in FET and HET institutions;
HET
Thank You