NATIONAL STUDENT FINANCIAL AID SCHEME
STRATEGIC GOALS AND OBJECTIVES, PLANS OF
ACTION AND MEASURABLE OUTCOMES
STRATEGIC GOAL 1:
To
ensure effective governance, management and administration of NSFAS
|
OBJECTIVE |
PLAN
OF ACTION |
MEASURABLE
OUTCOME |
TIME
FRAME |
||
|
2007/2008 |
2008/2009 |
2009/2010 |
|||
|
1. To manage organisational risk effectively. |
Identify
relevant regulatory requirements. |
Summary report of requirements. |
Apr
2007 |
|
|
|
|
Draft
a Fraud Prevention Plan for approval by NSFAS Board, in line with NSFAS Risk
Assessment and regulatory requirements. |
Fraud Prevention Plan approved by Board. |
Aug 2007 |
|
|
|
2. Ensure business continuity, of both
systems and human resources. |
Draft a Business Continuity Plan (including Disaster
Recovery) for approval by the NSFAS Board. |
Business Continuity Plan approved by Board. |
Aug 2007 |
|
|
|
3. Ensure Board awareness of institutions
allocation requirements. |
Provide financial data to Board members. |
Executive reports to Board and sub-committees
monthly, by 7th. |
Ongoing |
Ongoing |
Ongoing |
|
4. Ensure fair presentation of annual
financial statements. |
Consult with regulatory experts regarding new
accounting statements, in particular Standards of Generally Recognised
Accounting Practice. |
Expert recommendations approved by Audit Committee. |
Apr 2007 |
|
|
|
|
Implement recommendations. |
Draft annual financial statements to Audit Committee |
May 2007 |
Ongoing |
Ongoing |
|
5. Ensure utilisation of budgetary funds as
planned. |
Re-structure
accounting system to allow for more specific expenditure reports without the
need for manual intervention. |
Re-structured chart of accounts in ACCPAC. |
Apr 2007 |
Ongoing |
Ongoing |
STRATEGIC GOAL 2:
To
ensure effective management and investment of NSFAS funds
|
OBJECTIVE |
PLAN
OF ACTION |
MEASURABLE
OUTCOME |
TIME
FRAME |
||
|
2007/2008 |
2008/2009 |
2009/2010 |
|||
|
1. Ensure optimum returns on investments. |
Determine
regulatory restrictions with regard to diversifying existing investment
portfolios. |
Receive input from National Treasury. |
Apr
2007 |
|
|
|
|
Invite proposals from asset managers. |
Receive
proposals from various asset managers. |
Oct
2007 |
|
|
|
|
|
Assess proposals from asset managers and draft
recommendation. |
Dec
2007 |
|
|
|
|
|
Investment proposal for approval by Board |
Mar
2008 |
|
|
|
2. Ensure banking services are at an optimum. |
Closed
tender for banking services. |
Receive
proposals from major banks. |
Oct
2007 |
|
|
|
|
|
Feedback to Board |
Mar
2008 |
|
|
STRATEGIC GOAL 3: To provide effective and efficient Human
Resource Management and Administration to ensure that staff are competent to
execute and support the NSFAS Strategy; and are managed in accordance with best
current practices.
OBJECTIVE
|
PLAN
OF ACTION |
MEASURABLE
OUTCOME |
TIME
FRAME |
||
|
2007/2008 |
2008/2009 |
2009/2010 |
|||
|
1. To
maintain an appropriate and up-to-date HR Administration and Maintenance
system (compensation and benefits) |
To implement all relevant HR legislation provisions
in the BCEA, LRA, etc. ensuring compliance in-line with annual audit
requirements. |
All relevant HR legislation provisions in the BCEA,
LRA, etc. are adhered to. |
|
|
|
|
|
To implement HR policy guidelines for line managers
and employee manual for staff by April 2008 in order to guide them to comply
with legislative provisions as well as provision of the NSFAS HR Policies. |
HR policy guidelines implemented for line managers. Employee manual developed for staff Reviewed annually |
March 2008 March 2008 |
Ongoing |
Ongoing |
|
2. To
maintain an effective Education Training and Development (ETD) system |
Maintaining core-training indicators per job type,
by establishing and maintaining a training D/Base |
Training database implemented |
November 2007 |
Ongoing |
Ongoing |
|
|
Identify potential training gaps, such as paralegal
education, in liaison with line managers.
Updated training plans. |
Updated training plans. |
November 2007 |
|
|
|
3. To put in place a performance appraisal
system to monitor performance levels and identify training needs. |
Conduct annual performance assessments of all staff. |
Completed assessments |
April 2007 |
Ongoing |
Ongoing |
|
|
Explore links between performance appraisals and
rewards and make recommendations for policy changes to NSFAS management. |
Recommendations for policy changes to NSFAS
management. Implemented policy changes Review |
September 2007 |
May 2008 |
April 2009 |
|
|
Establish performance agreements / standards for all
staff. |
Established performance agreements for down to level
7 Remaining levels performance standards |
June 2007 |
March 2008 |
Ongoing |
|
|
Arrange training sessions for all line managers and
staff. |
Training held for all line managers |
September 2007 |
|
|
STRATEGIC GOAL 4: To provide a high level of information
technology infrastructure and to provide IT services and related electronic
solutions ensuring improved efficiency and communication.
|
OBJECTIVE |
PLAN
OF ACTION |
MEASURABLE
OUTCOME |
| ||