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Public Enterprises
State Owned Companies reform: progress report by Department of Public Enterprises
2 Mar 2016
The Department of Public Enterprises gave an update on the progress in the reform the State Owned Companies (SOCs), highlighting the current state of the economy and its influence on policy choices for state ownership, progress on key indicators for the State Owned Companies (SOCs). Pursuing the developmental agenda is ...
Economic Development
Minister of Economic Development on Department’s 2nd Quarter Performance
1 Mar 2016
The Minister on Economic Development reported on his Department’s 2nd Quarter performance. The Department obtained an unqualified audit opinion for 2014/15 with an improved management report and no material misstatements. Nominal GDP in the period under review was slightly more than R1 trillion. Though South Africa avoided a recession, growth ...
Public Enterprises
Transnet on its 2014/15 Annual Report and financial statements
24 Feb 2016
Transnet briefed the Committee on its Annual Report for 2014/15. The presentation looked at its shareholder’s compact performance, financial results, capital investment, volumes and operations, human capital, sustainable development, governance and challenges. Transnet was pleased to report on positive trends in its earnings before tax, its safety record, broad based ...
Economic Development
Sasol Cases: Competition Commission investigations briefing
23 Feb 2016
The Competition Commission (CC) briefed the Committee on its investigations into Sasol Chemical Industries Limited (Sasol). A brief history of Sasol was given by way of background, and the CC emphasised the firm’s move from a public entity to the private sector, and the results that this had had on ...
Public Enterprises
South African Express Airways on 2014/15 Annual Report
17 Feb 2016
SA Express Airways said that it had trebled its turnover from just under R700 million ten years ago, to R2.6 billion in 2015. SA Express achieved 27 of 44 (61%) indicators. Between November 2014 and January 2015, the fuel prices had decreased considerably. However, crude prices had not decreased at ...
Public Enterprises
South African Forestry Company Ltd (Safcol) on its 2014/15 Annual Report
18 Nov 2015
The Safcol CEO noted in her briefing on the 2014/15 Annual Report, that three years ago the reports on Safcol were not good. However, Safcol was a company in transition and the board had come in at the right time. It had 18 plantations in South Africa and four in ...
Ethics and Members' Interest
National dialogue on Ethics: workshop
6 Nov 2015
The Committee had had two workshops so far on the Code of Conduct and ethical behaviour for public office bearers, and this was the third one. The first aim of the workshop was to help the Committee develop a common understanding of a Code of Conduct, which outlined the minimum ...
Public Enterprises
Eskom on its 2014/15 Annual report
4 Nov 2015
Eskom 2014/15 Annual Report [awaited]
The Eskom briefing was led by Dr Ben Ngubane, Chairman of the Board, and by Mr Brian Molefe, Eskom’s Chief Executive Officer. The Board emphasised its commitment to re-energising Eskom and to creating growth and value for the shareholder and the nation. All previous “acting” ...
Economic Development
International Trade and Administration Commission (ITAC) on their 2014/15 Annual Report
3 Nov 2015
The International Trade and Administration Commission (ITAC) presented its annual report for 2014/15, and said the number of applications for domestic protection had increased due to the poor economic conditions. It had had to defend itself in court more often, due to this increase in applications and rulings.
ITAC had ...
Ethics and Members' Interest
Register of Members’ Interests 2015: adoption
28 Oct 2015
Documents handed out: 2015 Register of Members’ Interests
The Joint Committee on Ethics and Members’ Interests met briefly to consider and adopt the 2015 Register of Members’ Interests.
Before they could proceed, it was noted that there were not enough Members to form a quorum and a suggestion was made that ...