Politician Profile Page
Public Enterprises
Eskom challenges and solutions: stakeholder engagement
4 Mar 2020
Watch: Cosatu present its proposals for an Eskom Social Compact
The Portfolio Committee heard submissions from stakeholders on the challenges facing Eskom. COSATU gave a thorough diagnosis stating that Eskom was a national treasure that needed to be saved as its collapse would adversely affect the economy with the ...
Public Accounts (SCOPA)
SAA outstanding matters: update, with Minister
19 Feb 2020
Public Finance Management Act
06 December 2019 - SAA business rescue process
05 December 2019 - SAA to enter into business rescue
The Standing Committee on Public Accounts (SCOPA) held a joint meeting with the Portfolio Committee on Public Enterprises to receive an update on the state of affairs at ...
Public Enterprises
Alexkor 2018/19 Annual Report & Administrator progress report
27 Nov 2019
Annual Reports 2018/2019
Alexkor had received a disclaimer opinion for 2018/19 due to reckless trading and going concern challenges. The Pooling and Sharing Joint Venture (PSJV) is technically insolvent. Its liabilities are more than its assets. Alexkor is experiencing short and long-term liquidity challenges. They have cash flow which will ...
Public Enterprises
Roadmap for Eskom; Minister input on Eskom & SAA
20 Nov 2019
The Department of Public Enterprises (DPE) detailed the special paper on Eskom "Roadmap for Eskom in a reformed electricity supply industry" which dealt with the unbundling of Eskom and provided timelines. The unbundling of Eskom had been brought about as a result of the moral hazard that Eskom posed to ...
Public Enterprises
Denel 2018/19 Annual Report
6 Nov 2019
The Committee received a briefing on the annual report and financial statements of Denel for the 2018/19 financial year.
Denel achieved seven of its 23 key performance indicators (KPIs) in the shareholder compact which was 30.4 percent of the targets for 2018/19. The significant non-achievement of ...
Public Enterprises
Safcol 2018/19 Annual Report, with special emphasis on land claims & post-settlement model for all stakeholders
30 Oct 2019
The South African Forestry Company Limited (SAFCOL) briefed the joint Committee on its strategy and business, its performance against shareholders compact, the financial performance, its human and social capital, and the way forward for the state-owned entity.
SAFCOL had a history and culture of not doing ...
Public Enterprises
Transnet 2018/19 Annual Report
23 Oct 2019
The Committee was briefed by Transnet on its Annual Report and financial statements for 2018/19 financial year. The Committee congratulated Transnet for not asking for a financial bailout like the other SOEs had done. The Committee advised Transnet to strengthen oversight in order to avoid future irregular ...
Public Enterprises
Eskom on its 2018/19 Annual Report
9 Oct 2019
VIDEO: Eskom explain its financial statements to Parliament
Link to: Eskom Annual Report 2018/2019
Eskom reported a net loss after tax of R21bn for 2018/19 as compared to R2.3bn the previous year. The utility's debt exceeded R440bn. It spent R6.5 billion on diesel-generated power to minimise the magnitude of load-shedding. ...
Public Enterprises
Audit Outcomes: AGSA briefing; Department of Public Enterprises 2018/19 Annual Report, with Deputy Minister
8 Oct 2019
The Auditor General of South Africa presented the audit outcomes for 4 entities and the Department of Public Enterprises. It noted the declining performance in audit outcomes for the entities under the DPE’s management, although the Department received a clean audit (the only body to receive one). ...
Public Enterprises
Denel on progress made in addressing governance challenges & advancing developmental objectives; with Deputy Minister
4 Sep 2019
Denel said the company presented a great opportunity for the country to improve its balance of payments, and there was a need for it to liberate its knowledge to benefit the citizens of the country. The Committee was told Treasury had approved a R1.8bn guarantee to the state-owned company (SOC). ...