Politician Profile Page
Economic Development
Competition Commission on competition cases completed
10 Mar 2015
The Competition Commission briefed the Committee on its role in combating anti-competitive practices in South Africa over the past 15 years. It had been successful in identifying and taking action to address anti-competitive mergers and had prohibited certain business practices in different markets, including basic food products, industrial inputs important ...
Economic Development
Consideration and adoption of Committee Minutes
3 Mar 2015
The Committee met briefly to consider and adopt four outstanding minutes from the previous year.
Economic Development
Small Enterprise Finance Agency funding model and use of intermediaries briefing
24 Feb 2015
The Small Enterprise Finance Agency (SEFA) briefed the Committee on its funding model and the use of intermediaries in its operations. The Committee was reminded that SEFA grew from the merger of other financial institutions set up between 2005 and 2012, and was essentially intended to target survivalist and medium ...
Economic Development
Moody's on their credit system, Sovereign Credit Ratings and Bank Credit Ratings
18 Nov 2014
Moody’s credit rating was an opinion on the relative likelihood of an issuer to pay its debt and the ratings assessed expected loss which was the combination of probability of default and the severity of loss in case of default. Moody’s recognised three types of default events: bankruptcy, missed interest ...
Economic Development
PC Economic Development: Adoption of Minutes
11 Nov 2014
There were numerous amendments to the minutes and Members expressed concern about the quality of the minutes. Members said many of the minutes were not a true reflection of the meetings that took place. Committee Members added that this was a concern because the minutes were for public consumption and ...
Economic Development
Economic Development Department, with Deputy Minister: 2nd Quarter 2014 Performance Report
4 Nov 2014
The Economic Development Department (EDD), with participation also from the Deputy Minister, gave two presentations on the 2nd quarter of the 2014/15 financial year, the first highlighting its key performance indicators and the second presentation focusing on the financial performance. . The Deputy Minister led the first presentation and explained ...
Economic Development
International Trade Administration Commission of South Africa & Competition Tribunal on their 2013/14 Annual Reports
28 Oct 2014
The Portfolio Committee met to receive presentations from the International Trade Administration Commission of South Africa (ITAC) and the Competition Tribunal on their 2013/14 Annual Report and Financial Statements.
The Competition Tribunal presented their annual report to the Committee. The Tribunal had embarked on a new way of reporting which ...
Economic Development
Economic Development Budget Review and Recommendations Report
24 Oct 2014
The Committee met to deliberate and adopt the Budgetary Review and Recommendations Report (the Report) for the Department of Economic Development. Members went through the Report, section by section, noting that the introduction set out the key economic achievements for 2013/14, the mandate of the Committee and key functions of ...
Economic Development
Industrial Development Corporation & Small Enterprise Finance Agency on their 2013/14 Annual Reports
21 Oct 2014
The Industrial Development Corporation (IDC) presented its 2013/14 Annual Report, setting out the highlights for this year but also being quite frank about areas where its performance had not been so good. The primary purpose of the IDC was to facilitate sustainable employment, but, by its own admission, it had ...
Economic Development
Department of Economic Development & Competition Commission on their 2013/14 Annual Report with Deputy Minister in attendance
16 Oct 2014
The Department of Economic Development (EDD) had delivered on the 206 business key performance indicators (KPIs). Of the 22 administrative targets, it underachieved on one. Planning and recruitment of staff had to improve. Governance was improving through risk management; internal audit; ICT governance; security management, and audit committee oversight support. ...