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The BANKSETA is a statutory body established through the Skills Development Act of 1998 to enable its stakeholders to advance the national and global position of the banking and micro-finance industry. As guided by its mandate the BANKSETA is as such an agent of transformation by promoting employment equity and broad-based black economic empowerment through skills development.


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. Each separate economic sector has one SETA, and BANKSETA is the Banking Sector Education and Training Authority. BANKSETA is widely regarded as one of the best SETAs in South Africa. Successive years of unqualified audits confirm BANKSETA’s commitment to carrying out its mandate in a professional and accountable manner.



In terms of the Skills Development Act, No 97 of 1998 as amended by the Skills Development Act, within the National Skills Development Strategy (NSDS) framework; BANKSETA is mandated to develop skills in the banking and microfinance sector. It does so by:

  • • Encouraging employers in its sector to develop an active learning environment in the workplace.
  • • Providing employees with opportunities to acquire new skills / progress their careers
  • • Increasing levels of investment in workplace education and training.
  • • Promoting transformation as guided by the NSDS equity targets of 85% Black, 54% Female and 4% disabled.

Ultimately this means that work-seekers find employment, retrenched workers re-enter the market and employers find qualified employees in a fair and equitable framework.


To be recognised as a centre of excellence and innovation for skills development in the broader banking and microfinance sector.

To support transformation and people development and through partnerships, to enable stakeholders to advance the national and global position of the broader banking and microfinance sector.

Our Guiding Principles:

  • • Leverage skills levy funds for the strategic benefit of the banking and microfinance sector.
  • • Provide quality-assured, world-class skills training services at the lowest cost.
  • • Deploy leading-edge technology.
  • • Judiciously carry out the NSDS mandate.
  • • Maintain status as a preferred human resource development partner in banking and microfinance.
  • • Exceed Stakeholder expectations.



Contact details

Head Office
Physical Address
Thornhill Office Park
Block 22
94 Bekker Road
Vorna Valley

Postal Address
P O Box 11678
Vorna Valley

011 805 9661

011 805 8348


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Consulting Services


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