Title: Chemical Industries Education
1Chemical Industries Education Training
Authority Ms Kelebogile Dilotsotlhe Chief
Executive Officer Presentation to the Select
CommitteeOn Economic Foreign Affairs24
October 2007
2007
2 Vision World-class Education Training for the
Chemical Industries Sector Mission The CHIETA
contributes to sustainable development through
facilitating the provision of the skills for
growth in the sector
3- Strategic Objectives
- Prioritising and communicating critical skills
for sustainable growth, development and equity in
the Chemical Industries Sector -
- Promoting and accelerating quality training for
all in the workplace - Promoting employability and sustainable
livelihoods through skills development
4- Strategic Objectives cont.
- Assisting designated groups, including new
entrants, to participate in accredited work
integrated learning and work-based programmes to
acquire critical skills to enter the labour
market and self employment -
- Improving the quality and relevance of provision
- Maximising organisational performance and
development
5Governance Structure
6(No Transcript)
7Highlights of the SLA Targets
- ISO 9000/2000 certification-international
validation of policies and procedures - Alliance with the shutdown network forum -1000
artisans trained - South African Petroleum industries
Association-50 women in Petroleum and Oil
industry Project benefited - ETDQA from the NSDS-3000 learners were enrolled
-80 completed the training - 229 small-supported through the voucher scheme
MD - 281 companies ( large and small) supported
through mandatory grants - Science Engineering and technology
project-benefited young school girls wishing to
enter the chemical sector
8Annual Financial Statements Audit Results
2006-2007
- Unqualified audit report
- 18 INCREASE IN Skills Development Levy income
from R 155m for the year ended March
2006 to R 182m for the year ended March 2007 - Grant expenses accounted for 81 of grant levy
income received
9Annual Financial Statements Audit Results
2006-2007 cont.
10Annual Financial Statements Audit Results
2006-2007 cont.
11Annual Financial Statements Audit Results
2006-2007 cont.
12Annual Financial Statements Audit Results
2006-2007 cont.
- Total return on investment funds for the year R
8,5m - Total revenue increased by 26 from R 169m in
2006 to R 212m in 2007 - Total expenses as a total percent of revenue
90
13Financial Highlights 2006/2007
- R 27m of surplus funds (administration savings,
investment income, unclaimed grants) swept to
discretionary reserves for sector priorities and
strategic projects - A further R 35m allocated to Discretionary
Grants for the 2007 -2008 circle - Employee compensation costs representing 50 of
administration levy income for the year ended 31
March 2007 (59 in 2006) - Ratio of current assets to current liabilities
decrease from 2,391 in 2006 to 1,871 in 2007 - 50 increase in current liabilities from R63m in
2006 to R127m in 2007
14Annual Financial Statements Audit Results
2006-2007 cont.
- Total return on investment funds for the year R
8,5m - Total revenue increased by 26 from R 169m in
2006 to R 212m in 2007 - Total expenses as a total percent of revenue
90
15WAY FORWARD NEXT FINANCIAL YEAR New business
plan approved by the board Guide on scarce
/critical skills of National strategy Support BEE
firms supported by skills development plans Young
learners to be trained/mentored Provider
institutions accredited for new ventures Sector
needs analysis Improve wellness Financial
performance internal/external audit Compliance
with statutory and legislative frameworks Integrat
ed MIS Development of WSP DoL scorecard ISOEs in
place MoUs with industry associations
16THANK YOU