Politician Profile Page
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 ...
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 ...
Economic Development
Competition Tribunal on its 2014/15 Annual report
18 Nov 2015
The Committee met to hear the Annual Report of the Competition Tribunal, sister entity to the Competition Commission. The presentation started by detailing the types of case the Tribunal considers and examples of each. Most explored were cartel cases against 40 furniture cases and an abuse of dominance case against ...
Economic Development
Competition Commission on its 2014/15 Annual report
17 Nov 2015
The Competition Commission (CC) presented its 2014/15 Annual Report. In describing the organisational profile, the CC emphasised the decreased staff turnover rates and consistent gender employment parity. The CC had improved its previous unqualified audit result of 2013/14 to a completely clean audit in 2014/15. It had won four out ...
Economic Development
Industrial Development Corporation on its 2014/15 Annual Report
10 Nov 2015
The IDC said that it was operating in a challenging environment in South Africa and globally, but that it had to a large extent achieved what it had set out to achieve. However, the next report would reflect the tougher trading conditions currently being experienced. Its vision, mission and main ...
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 ...
Economic Development
Economic Development Department 2014/5 performance: Auditor-General; DPME and FFC briefing
13 Oct 2015
The Auditor General’s office presented on the audit outcomes for the Department for 2014/15. The scope of the audit did not include service delivery, the Department’s budget or legislation and the audit was not responsible for fraud identification and prevention.
The overall audit outcome for the Competition Commission (CC) ...
Economic Development
Quarterly Labour Force Survey - informal sector: briefing by Statistics South Africa
7 Sep 2015
Statistics South Africa in a continuation of their briefing from the previous week, spoke about the Survey of Employers and the Self-Employed (SESE), and explained the implications of non-VAT registered businesses (with a gross turnover of less that R1m per annum), which most commonly exist in the informal sector. This ...
Economic Development
Economic Development Department 1st Quarter 2015/16 performance; Quarterly Labour Force Survey: Statistics South Africa briefing, with Minister present
1 Sep 2015
The presentation revolved around two topics -- a briefing by the Economic Development Department (EDD) on its first quarter performance, and by Statistics SA on the Quarterly Labour Force Survey.
The Minister of Economic Development spoke about the economy. From October 2010 to June 2015, employment had risen from 13.6 ...
Economic Development
International Trade Instruments: workshop with International Trade Administration Commission & Department of Trade and Industry
17 Aug 2015
The Department of Trade and Industry provided the Committee with information on the status of many trade negotiations currently taking place. Most of these programmes aimed to increase African participation in international trade, as well as intra-regional trade within Africa. Global trade was rapidly evolving to include both intermediate goods ...