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Chemical Industries Education

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Title: Chemical Industries Education


1
Chemical 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

5
Governance Structure
6
(No Transcript)
7
Highlights 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

8
Annual 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

9
Annual Financial Statements Audit Results
2006-2007 cont.
10
Annual Financial Statements Audit Results
2006-2007 cont.
11
Annual Financial Statements Audit Results
2006-2007 cont.
12
Annual 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

13
Financial 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

14
Annual 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

15
WAY 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
16
THANK YOU
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