Welcome to BANKSETA

The Banking Sector Education and Training Authority (BANKSETA) is an enabler of skills development and transformation in the broader banking & microfinance sector and supports people development through partnerships, skills development, alleviating unemployment, creating a brighter future and enabling change.

BANKSETA focuses on SMEs, the youth, adult education, continuous professional development and research. Skills development has been identified as a key requirement for economic growth in South Africa, as a result, the Skills Development Act provides a framework for the development of skills in the workplace.

Amongst other things, the Act makes provision for skills development by means of a levy-grant scheme, and the establishment of 21 sector-specific Sector Education and Training Authorities – or SETAs – to administer the scheme’s funds, and manage the skills development process.

What We Do

BANKSETA drives skills development and growth within the banking sector, empowering a highly skilled and adaptable workforce.

Discretionary Grants

The BANKSETA Discretionary Grants provide targeted funding to support innovative skills development initiatives and address specific training needs within the banking sector. Funding windows are periodically published.

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Quality Assurance

The BANKSETA Quality Assurance Unit ensures that training and development programs meet industry standards and deliver measurable outcomes. You can also find our List of Accredited Providers.

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Mandatory Grants

Mandatory Grants are allocated to eligible Levy paying employers to encourage and support the continuous training and development of their workforce in compliance with the Skills Development Act.

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WSP/ATR

WSP/ATR information details the required submissions for Workplace Skills Plans and Annual Training Reports, crucial for accessing Mandatory Grant funding from the BANKSETA.

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Our Vision

To facilitate skills development through partnerships and enable stakeholders to advance the national and global position of the banking and alternative banking sector.