SSP Brochure:Layout 1 - INSETA

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ANNEXURE APROFESSIONAL BODIES INTERVIEWED AS PART OF THE SSP UPDATE PROCESSIN 2007Organisation Acronym Person interviewed Position Date of interviewActuarial Society of South Africa ASSA Mr Adrian Baskir Chairperson 23/07/2007Assoc of Marine Underwriters of SA AMUSA Mr Frank Ponnen Director 18/07/2007Association of Professional Financial Planners LUASA Mr Raymond Byrne Executive Director 10/07/2007Black Brokers Forum BBF Mr Isaac Mohlaping Executive Director 18/07/2007Black Indep Professionals of SA BIPSA Mr Ben Raseroka President 11/07/2007Financial Planning Insitute FPI Mr Carl Anschuts General Manager FPI Learning 10/07/2007Ms Wendy Hattingh Head: ComplianceFinancial Services BoardFSBCharene Nortier FAIS Supervision Department12/07/2007Institute of Loss Adjusters ILA Mr Peter Veal Director 12/07/2007Institute of Retirement Funds IRF Mr Gregory Morris President No responseMr Joe Kotze National Manager: Compliance 03/07/2007Insurance Brokers CouncilIBCMr Johan Swartz Chairperson - Protea Branch 05/07/2007Insurance Institute of South Africa IISA Mr Theo Vels Acting CEO 10/07/2007Life Offices Association LOA Mr Gerhard Joubert CEO 02/08/2007SA Financial Services Intermediaries Assoc SAFSIA Mr Ben Rossouw Managing Director 12/07/2007SA Insurance Association SAIA Mr Barry Scott CEO 27/06/2007INSETA Sector Skills Plan - page 45
ANNEXURE BFINANCIAL SERVICE SECTOR CHARTER TARGETS SET FOR THE INSURANCEINDUSTRYCore component of BEE Indicators Target 2008 Target 2014Section 1: Human resources development1.1 Employment Equity1.1.1 Senior management black people as a % of senior managementblack women as a % of senior management1.1.2 Middle management black people as a % of middle managementblack women as a % of middle management1.1.3 Junior management black people as a % of junior managementblack women as a % of junior management1.2 Skills development1.2.1 Skills spend% of payroll spent p.a. on skills development of blackemployeesMin 20%-25%Min 4%Min 30%Min 10%Min 40%-45%Min 15%1.5%1.2.2 Learnership program learnerships as % of total staff 4.5%Section 2: Procurement and enterprise developmentProcurementProcurement from black influenced companies, &companies rated “D” in terms of a charterProcurement from companies rated “C” in terms of acharterProcurement from black empowered companies, &companies rated “B” in terms of a charterProcurement from black SMEs, black companies, blackwomen-empowered enterprises & companies rated“A” in terms of a charterEnterprise DevelopmentEnterprise development: black influenced companiesTargeted procurement from those companies as apercentage of total procurement - Scored at 50% ofRand spendTargeted procurement from those companies as apercentage of total procurement - Scored at 75% ofRand spendTargeted procurement from those companies as apercentage of total procurement - Scored at 100%of Rand spendTargeted procurement from those companies as apercentage of total procurement - Scored at 125%of Rand spendRand spend - Scored at 50% of Rand spendEnterprise development: black empowered companies Rand spend - Scored at 100% of Rand spendEnterprise development: black SMEs, black companies& black women-empowered enterprisesSection 3 Access to Financial ServicesRand spend - Scored at 125% of Rand spend3.1 Transactions savings products and services Effective access for LSM 1-5 (%) 80%3.2 Bank savings products and services Effective access for LSM 1-5 (%) 80%3.3 Life assurance products and services Effective access for LSM 1-5 (%), & compulsory60%mortgage cover plan3.4 Collective investments products and services Effective access for LSM 1-5 (%) 1%, plus 250, 0003.5 Short term risk insurance products Effective access for LSM 1-5 (%) 6%3.6 Origination Origination of home loans (R)Origination of agriculture loans (R)Origination of black SME loans (R)3.7 Consumer education % of post tax operating profits spend p.a. Min 0.2%tbftbftbf33%of black target33%of black target33%of black targetSection 4: Empowerment Financing4.1 Targeted Investments Institution’s target for Targeted Investment (R)Institution’s annual investment in transformationalinfrastructure (R)Institution’s annual investment in low-income housing (R)Institution’s annual investment in agriculturaldevelopment (R)Institution’s annual investment in black SMEs4.2 BEE transaction financing including JV’s, debt Institution’s target for BEE transaction financing (R)financing, equity investments in BEE companies thatare not black SMEsTbfTbfINSETA Sector Skills Plan - page 46
Page 5 and 6: Table 4.4 Scarce skills: clerical a
Page 7: EXECUTIVE SUMMARYBackground and met
Page 10 and 11: How the INSETA addressed Scarce and
Page 12 and 13: 1 PROFILE OF THE SECTORThe insuranc
Page 14 and 15: Table 1.4 Other activities of organ
Page 16 and 17: A major problem in estimating the n
Page 18 and 19: • The fact that the industry has
Page 20 and 21: Figure 1-6 Trends in net premium in
Page 22 and 23: Figure 1-9 Trends in collective inv
Page 24 and 25: additional staff. The technology al
Page 26 and 27: 2 THE DEMAND FOR SKILLS IN THE SECT
Page 28 and 29: 2.3 Employment trends2.3.1 Changes
Page 30 and 31: Competition from other financial se
Page 32 and 33: 3 THE SUPPLY OF SKILLS TO THE SECTO
Page 34 and 35: Table 3.2 Population group distribu
Page 36 and 37: Figure 3-4 Senior Certificate passe
Page 38 and 39: Table 3.7 Qualifications awarded by
Page 40 and 41: 3.3.3 Further education and trainin
Page 42 and 43: Table 3.13 People to be trained in
Page 44 and 45: • The racial profile of graduates
Page 46 and 47: OccupationPosts difficult to fillSp
Page 48 and 49: Table 4.5 Scarce skills: sales occu
Page 50 and 51: The scarce skills identified in the
Page 52 and 53: Small business opportunity Subsecto
Page 54 and 55: 5.7 ConclusionsThis last chapter ou
Page 58 and 59: Core component of BEE Indicators Ta
Page 60 and 61: Senior managementBlackMaleTOTAL MAN
Page 62 and 63: ANNEXURE ESCARCE SKILLS IN THE INSU
Page 64 and 65: OCCUPATION level ss Specialisation/
Page 66 and 67: OCCUPATION level ss Specialisation/
Page 68 and 69: ANNEXURE FCRITICAL SKILLS NEEDED IN
Page 70 and 71: OCCUPATION level ss52 Personal Assi
Page 72 and 73: ANNEXURE GINSETA BUSINESS PLANINSET
Page 74: The DoL requires all Councils to un

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