Chemical Industries Education

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Chemical Industries Education Training
Authority Ms Kelebogile Dilotsotlhe Chief
Executive Officer Presentation to the Select
CommitteeOn Economic Foreign Affairs24
October 2007
2007
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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
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• 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

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• 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

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Governance Structure
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(No Transcript)
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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

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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

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Annual Financial Statements Audit Results
2006-2007 cont.
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Annual Financial Statements Audit Results
2006-2007 cont.
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Annual Financial Statements Audit Results
2006-2007 cont.
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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

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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

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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

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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
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THANK YOU