Wed Oct 26 11:28:57 CAT 2016

Bankseta 'is one of the best setas in the country'

By unknown | Nov 12, 2007 | COMMENTS [ 0 ]

Leseja Mokgata

Leseja Mokgata

Only a few of our Sector Education and Training Authorities (Setas) have managed to excel in their mandates. Recently appointed Bankseta chief executive officer Max Makhubalo says that his organisation is one of the best run Setas.

Makhubalo was appointed to BankSeta's top position in April after holding the position of chief executive of the Free State Development Corporation from 2000 to 2005. Since leaving the corporation he has focused on his property development business.

For Makhubalo, the move into the Seta environment was not a big stretch.

"I've enjoyed my move here. I'm used to being in human resource-related functions and the transition has been quite easy," he said.

He was a member of the executive team in the human resources departments at Sasol Synthetic Fuels and South African Breweries.

While the other 23 Setas have come under fire from Finance Minister Trevor Manuel for poor financial management, Makhubalo says Bankseta is one of the best in the country.

"We have a winning formula here," he said. "However, we are looking at our delivery model to ensure better economies of scale across our various projects."

Makhubalo was born and raised in a Bloemfontein township where he matriculated.

He won three scholarships while in high school, before studying for a Bachelors degree in administration and personnel management at Fort Hare University.

Today, Makhubalo is dedicated to the improvement of mathematics, accounting and science skills. The Bankseta is focusing on the two provinces in greatest need of development - Limpopo and the Eastern Cape.

"Teachers, especially in rural areas, need to deliver and make sure that students are ready to enter tertiary institutes," he said.

"We are putting money into the development of 15 different schools where we take the mathematics, science and accounting teachers and boost their competency so that they can train students to a sufficient level. This is important work as it gets more people into the banking sectors."


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