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Public Enterprises
Safcol on its 2015/16 Annual Report
19 Oct 2016
The SAFCOL report indicated lower performance than the target sets. In light of its losses, SAFCOL presented its strategic plan for the future to ensure financial sustainability, industrialisation and community involvement.
In discussion, Members raised concerns about SAFCOL inability to industrialise, engaging with land claimants, the alleged ...
Economic Development
Economic Development Department, Competition Tribunal & IDC on their 2015/16 Annual Reports, with Minister & Deputy
13 Oct 2016
Department of Economic Development Annual Report
Competition Commission of South Africa Annual Report
Industrial Development Corporation of South Africa Limited Annual Report
The Minister highlighted that the EDD spent 99.8% of its allocated budget and was able to meet its performance targets from the 23 indicators that were included in ...
Public Enterprises
Department of Public Enterprises on its 2015/16 Annual Report
12 Oct 2016
The Committee met to be briefed by the Department of Public Enterprises on the Annual Report and Financial Statements for 2015/16 financial year.
The Department reported that the shifting of the macroeconomic environment made the operational environment even tougher for the SOCs. Economic growth has struggled to ...
Public Enterprises
Department of Public Enterprises and State-Owned Companies audits: Auditor-General briefing
11 Oct 2016
The Committee was briefed by the Office of the Auditor-General South Africa on the audit outcomes of the Department of Public Enterprises for the 2015/16 financial year.
Before proceedings were underway the Committee raised concern over the strength of the delegation as it was large in spite of the cost ...
Economic Development
ITAC & Competition Commission on 2015/16 Annual Reports
11 Oct 2016
Annual Reports:
International Trade Administration Commission of South Africa [126MB] [email info@pmg.org.za]
Competition Commission of South Africa
ITAC received a record ten applications for tariff increases on primary steel from Arcelor Mittal (AMSA), South Africa’s largest steel producer. The Committee was taken through achievements against targets set for tariff investigations; trade ...
Public Enterprises
Transnet on its 2015/16 Annual Report
14 Sep 2016
Transnet briefed the Committee on its annual report and financial statements for 2015/16 financial year. Revenue had increased by 1.7%, to R62.2 billion for the year, driven by a 4.2% increase in rail containers’ and automotive volumes as a result of concerted efforts to shift rail-friendly cargo ...
Economic Development
Minister's briefing on Economic Development Department Jan-Jun 2016 performance
13 Sep 2016
The Minister, Mr Ebrahim Patel, said the 4th quarter was normally challenging as it came after the Christmas period, but the 4th quarter had experienced even rougher economic conditions and mining and agriculture had declined. The year had seen rising employment until the 4th quarter where in three months 355 ...
Public Enterprises
Denel Asia: Denel Board, National Treasury & Department of Public Enterprises briefing
7 Sep 2016
The presentation by Denel on the circumstances surrounding the establishment of Denel Asia in a joint venture with VR Laser was delayed by a stormy debate triggered by the absence of three major role-players in the controversial deal. Opposition Members said the fact that the Ministers of Finance and Public ...
Economic Development
South Africa’s socio-economic issues: OECD briefing; International Labour Organisation on its work
6 Sep 2016
The Organisation for Economic Co-operation and Development (OECD) briefed the Committee on the overarching priorities for strong, sustainable and inclusive growth in South Africa. They identified key problem areas in the South African economy and recommended a focus on policy implementation of the objectives in the National Development Plan, the ...
Public Enterprises
Eskom on its 2015/16 Annual Report and pressing matters
31 Aug 2016
Eskom’s earnings for the year were R32 billion – an increase of 37.4% from the previous year. The entity had cost savings of R17.5 billion from the implemented cost-cutting measures and this was achieved against the target of R13.4 billion. Eskom received a R23 billion equity injection from government and ...