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Public Enterprises
Alexkor Annual Report 2016/17 & Alexkor & SAFCOL 2018/19 Performance Plan
9 May 2018
Annual Reports 2016/17
The 2016/17 was a good year for Alexkor. The company produced a record-breaking 162 000 diamond carats with a 112 000 carats produced from deep-sea mining with a total revenue of R758 million. Alexkor made a profit of R6 million compared to a loss of R35 million in ...
Public Enterprises
Minister's report on DPE, SOE & Transnet performance and plans
2 May 2018
Only the Department of Public Enterprises and Transnet briefed the Portfolio and Select Committees on their Annual Performance Plans for 2018/19 and not Denel as originally indicated on the Committee agenda.
The Minister said many of DPE's State-Owned Enterprises were involved in state capture and the Department was determined to ...
Public Enterprises
Repeal of Overvaal Resorts Ltd Bill [B36-2017]: briefing
25 Apr 2018
The Overvaal Resorts Limited Act, 1993 (Act No. 127 of 1993), had been enacted to establish Overvaal Resorts Limited as a public company to hold and manage public resorts on behalf of the Government. The name of the company, Overvaal Resorts Limited was later changed to Aventura Ltd. In 2001, ...
Public Enterprises
Eskom 2016/17 Annual Report
18 Apr 2018
The Eskom management team finally presented the Eskom 2016/17 Annual Report. Among matters discussed was the qualified audit that the company received. Management assured the Committee that remedial actions were being taken to ensure a clean audit is achieved in future.
Eskom as a going concern was raised ...
Public Enterprises
Eskom Inquiry: Discussion on way forward; Second Term Committee Programme
27 Mar 2018
The Acting Chairperson of the Eskom Inquiry told Members that four witnesses still had to appear before the Committee, namely the Gupta brothers, Mr Duduzane Zuma and Mrs Dudu Myeni. The witnesses had resorted to “duck and dive” tactics through their lawyers, or had claimed illness, as in the case ...
Public Enterprises
Transnet 2016/17 Annual Report
14 Mar 2018
The Board of Transnet presented the Annual Report and Financial Statements for 2016/17 Financial Year. The presentation was delayed by six months due to scheduling difficulties, partially relating the Portfolio Committee on Public Enterprises being engaged with the inquiry into state-owned enterprises since July 2017. It was ...
Public Enterprises
Eskom inquiry: Malusi Gigaba
13 Mar 2018
Relevant Video: Eskom inquiry: Minister Malusi Gigaba [SABC Digital News]
The Committee heard evidence from the Minister of Home Affairs, Malusi Gigaba. He was called to provide evidence related to his tenure as Minister of Public Enterprises.
Minister Gigaba statement included governance and executive appointments at Eskom, testimony ...
Public Enterprises
Eskom Inquiry: Ben Ngubane
7 Mar 2018
The Committee heard evidence from Former Eskom Board Chairperson Dr Baldwin Sipho “Ben” Ngubane.
The Committee questioned Dr Ngubane on the pre-purchase of coal from Optimum Coal Mine (OCM); former CEO Brian Molefe’s resignation; the suspension of the four executives; his relationship with the Gupta family; and corporate governance during ...
Public Enterprises
Eskom Inquiry: Abram Masango
28 Feb 2018
The Committee was supposed to hear evidence from former SAA Board Chairperson, Ms Dudu Myeni. However, she informed the Committee Secretary via SMS that she was waiting to be guided by her lawyer on how to respond to the invitation by Parliament, look at the legalities of coming to the ...
Public Enterprises
Eskom Inquiry: G9 Consulting Services
27 Feb 2018
Document awaited: Opening statement by Rajie Murugan – G9 Group [please email info@pmg.org.za if you have the document
G9 Consulting Services appeared at the Inquiry and spoke on the findings and recommendations of its investigation at Eskom. The G9 investigation dealt with Eskom payments made to McKinsey and Trillian, which ...