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Public Enterprises
Alexkor Annual Report: postponed due to absence of executives
2 Nov 2016
The Alexkor Board was supposed to brief the Committee on its 2015/16 Annual Report. However the Committee observed that most of the executives were not present and sought an explanation for this. After being informed that the entity was affected by multiple resignations, Members agreed to excuse ...
Public Enterprises
Denel on its 2015/16 Annual Report; Public Enterprises Budget Review and Recommendations Report
26 Oct 2016
Denel briefed the Committee on its annual report and financial statements for the 2015/16 financial-year, and indicated that the entity had continued to improve on historic results through restructuring and turnaround interventions, and had posted a profit for five consecutive years. The strategic focus was on increasing ...
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 ...
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 ...
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 ...
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 ...
Public Enterprises
Denel board on VR Laser Asia and suspension of its executives
11 May 2016
The meeting provided the Denel Board the opportunity to clarify certain matters that had been the subject of media speculation about the formation of Denel Asia and its joint venture partners. The suspensions of the former Chief Executive Officer, the Chief Financial Officer and the Company Secretary were discussed. The ...
Public Enterprises
Alexkor on its 2014/15 Annual Report; Committee Report on Public Enterprise Strategic Plan & Budget
20 Apr 2016
The Committee met to be briefed by Alexkor on its annual report and financial statements for the year ended 31 March 2015, and to consider its report on the Department of Public Enterprises’ strategic plan and budget.
Alexkor reported that it had done quite well in the year under review, ...
Public Enterprises
Department of Public Enterprises, with Minister and Deputy Minister, on its 2016 Strategic & Annual Performance plans
6 Apr 2016
The Department of Public Enterprises (DPE) presented its Strategic Plan for 2016, after an introduction by the Minister. She stressed that the DPE was the government shareholder with responsibility of oversight for the State Owned Companies (SOCs) Eskom, Denel, SAFCOL, Alexkor, Transnet, South African Airways (SAA), and South African Express ...
Public Enterprises
Localisation: State Owned Companies role: dti briefing with DPE, Eskom & Transnet
16 Mar 2016
The Director General of the Department of Trade and Industry (dti) said Government’s localisation drive had been delayed by a lack of National Treasury approval for designations recommended by the dti. Government’s procurement budget is about R500bn a year and it has set a 75% target for local procurement. One ...