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The BANKSETA (Banking Sector Education and Training Authority) is determined to play its part in establishing South Africa as a world leader, and will continue to ensure that the banking sector has the skills to remain globally competitive, says CEO Max Makhubalo.
Its mission is ‘to support transformation and people development and, through partnerships, to enable stakeholders to advance the national and global position of the banking and micro finance industry’. Tasked with supporting and growing the level of current and future skills needed in the banking sector, which currently employs around 148 000 people, the BANKSETA has initiated a number of skills-development projects which target unemployed youth, existing employees and individuals who have been identified for possible promotion into very senior positions.
Key areas of focus include: supporting skills-development aspects of the Financial Sector Charter; supporting and stimulating skills development in small businesses; supporting skills development among the youth, particularly through learnerships; promoting adult education and lifelong learning; and conducting research and benchmarking that will add to the body of knowledge available to the banking and micro-finance sectors.