The term of office for all AAs of Sector Education and Training Authorities (SETAs) expired on the 31 March 2025. While the process of appointing AA members was undertaken, the process could not be concluded and in this regard the Minister of Higher Education and Training, has allowed to re-open the process for invitations to be made for nominations of new AA members to be appointed for the period 1 April 2025 to 31 March 2030.
Re-opening of call for nominations: Stakeholders are invited to nominate suitably qualified, knowledgeable and experienced candidates, including youth, preferably in possession of a NQF level 7 qualification with expertise and experience in skills development and/or community development and/or governance for consideration and appointment as members of the BANKSETA Accounting Authority (“AA”) until 31 March 2030. Appointments will be in accordance with the Skills Development Act, 97 of 1998 and the BANKSETA Constitution requirements. All nominations will be submitted for consideration and approval by Honorable Minister, Mr Bhuti Manamela. Furthermore, the nominations for the Chairperson are directly managed by the Department of Higher Education and Training.
The Minister of Higher Education and Training invites applications from suitably qualified persons to serve as members of the BANKSETA Accounting Authority/Board. Preference will be given to people with disabilities, youth, and women with proven experience in fostering good governance, understanding of the legislative and policy framework applicable to the BANKSETA, as well as government policies and plans at industry as well as National Level.
Composition of the Accounting Authority: The AA is composed of an independent Chairperson and fourteen (14) members as follows:
- Six (6) members representing Organised Employers,
- Six (6) members representing Organised Labour,
- Two (2) members representing Government, bargaining council with jurisdiction in the sector, Professional Bodies (with an interest in the sector) or sector specific organisations of community (with an identifiable interest in skills development in the sector).
Selection Criteria- Knowledge, skills and expertise: Nominated representatives from Organised Employers, Organised Labour, recognized Professional Bodies, bargaining councils with jurisdiction in the sector, as well as Civil Society/ community organizations with interest to serve as BANKSETA Board members should have competencies in the following areas:
- The functioning of the Accounting Authority in terms of the requirements relating to corporate governance and ethics,
- Skills development legislation and the NSDP,
- The SETA’s responsibility in respect of service delivery,
- The PFMA and financial management,
- The Sector and/or the constituency represented by the Member,
- The strategic leadership role of the Accounting Authority,
- Education, training, skills development and human resources development,
- Quality assurance of learning provision,
- General management and business skills,
- The communication and marketing role of an entity in relation to its stakeholders,
- Other areas of expertise relevant to the Banking and Alternative Banking Sector
Nomination Process: Nominations will be accepted from an organisation/employer within the Organised Employer, Organised Labour, Government, bargaining councils with jurisdiction in the sector, Professional Body and Community constituencies. The requisite documentation must include:
- A letter from the organisation nominating the prospective member confirming the seniority of nominee;
- Comprehensive Curriculum Vitae (which should include any details of other Board or Committee memberships where applicable and required knowledge, skills and expertise);
- Certified copies of qualifications;
- Certified copy of ID;
- Declaration of Interest.
The relevant organisations may nominate an alternate for each member in the same manner as nominations for members (nominations for alternate members would need to be clearly stated as such). Nominees will be subjected to the following background checks: declarations of interest, criminal records checks, nationality/citizenship checks and qualifications checks.
This is a re-opening of a call for nominations that was previously advertised in November 2024 and nominations previously submitted, need not be re-submitted as previous nominations will be considered.
Remuneration: Remuneration of members will be aligned to the rates determined and published by National Treasury from time to time.
All nominations must be submitted via email or hand-delivery by no later than 15 August 2025, 12:00pm (noon) to:
Physical address: Company Secretary, BANKSETA, Eco Origin Office Park, Block C2, 349 Witch-hazel Avenue, Eco Park Estate, Highveld, Centurion, 0144
E-mail: boardnominations2025@bankseta.org.za (All enquiries may be addressed in writing via e-mail)
Nominations received after the closing date will not be considered.
Click here to download Declaration of Interest Form