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  • Email us: info@teta.org.za

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Finance

Overview

The Finance Division’s responsibility is to design and implement financial controls that ensure good financial governance and financial viability of the organisation as well as ensuring that funding is optimally used to drive the attainment of the strategic requirements.

Key Functions

All functioning of the Finance Division occurs within the compliance requirements of the Public Finance Management Act and Compliance with GRAP Standards. The key functions of the Finance Division:

  • Implement and strengthen internal control
  • Review, develop and implement finance policies
  • Monthly reporting on financial results
  • Disbursement of mandatory and discretionary grant funding
  • Preparation of the Annual Financial Statements
  • Quarterly reporting on financial results
  • Operations budget preparation and monitoring
  • Risk and fraud prevention management
  • Internal audit function and Auditor-General audit co-ordination and support
  • Monitoring and evaluation of grant funding
  • Asset Management
  • Reporting to the Audit Committee, Finance Committee, Governance Committee, ExCo and Board
  • Monitor, review, develop and implement measures to limit exposure to fraud and risk;

TETA
 

TETA was established in terms of the Skills Development Act 97 of 1998 (SDA). It is a public entity that reports to the Minister of Higher Education and Training and operates under the oversight of National Treasury in terms of performance management and financial administration. TETA is a Sector Education Training Authority (SETA) responsible for skills development in the transport sector.

 

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Fraud Hotline

Toll-free number: 0800 22 23 76

TIP-OFF EMAIL ADDRESS
teta@tip-offs.com

Business Hours

Monday - Friday
8:00 am to 16:30 pm
Saturday
Closed
Sunday
Closed