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Public Enterprises
State-owned Companies performance: Department of Public Enterprises update on implementation of Auditor-General recommendations
25 Feb 2015
The Department of Public Enterprises briefed the Committee on the findings and recommendations of the Auditor-General in to the affairs and functioning of its State Owned Companies. The Acting Director General broke down the SOCs overseen by the Department by revenue, profit and asset value. The eight companies were: Eskom; ...
Communications and Digital Technologies
Department of Communications & Communications strategy 2014-19: Deputy Minister progress report
17 Feb 2015
The Department of Communications (DoC) was established following the President’s pronouncement in May 2014. The DoC and the Department of Telecommunications and Postal Serviceshad met at ministerial level coordinated by the Presidency to address the transfer of legislative functions culminating in Proclamation 79 issued in the government gazette on 2 ...
Public Enterprises
Alexkor progress report & its 2013/14 Annual Report; Medupi Power Station oversight visit: Committee Report
19 Nov 2014
A 51% state owned and 49% community owned diamond mining operation was the result of a land claim by the people of the Richtersveld. Over the ten years of its operation up to September 2012 when the new board took over, the diamond mine was in a poor state, loss-making, ...
Public Enterprises
South African Forest Company Limited on its 2013/14 Annual Report
5 Nov 2014
The South African Forest Company Limited (SAFCOL) briefed the Committee on its Annual Report and Financial Performance 2013/14 with a major focus on the benefits of the entity in facilitating the sustainable economic empowerment of communities and the alleviation of poverty. SAFCOL was in the process of deregistering new subsidiaries, ...
Communications and Digital Technologies
Budgetary Review and Recommendations Report (BRRR): Adoption; Media Diversity and Development Agency (MDDA): short listing
3 Nov 2014
Members of the Committee considered the recommendations of Budgetary Review and Recommendations Report (BRRR). As it was a new Committee the Content Advisor and the Committee Researcher briefed the Committee on the way forward.
The report was adopted with amendments. The Democratic Alliance did not support the adoption; the objection ...
Public Enterprises
Denel on its 2013/14 Annual Report
29 Oct 2014
The Denel Group briefed the Committee on its Annual Report and Financial Statements for the 2013/14 Financial Year.
The Acting Chairperson of the Denel Group gave an opening speech to precede the presentation as this meeting was the first opportunity for Denel to meet with the Portfolio Committee on Public ...
Public Enterprises
Public Enterprises Budget Review and Recommendations Report
22 Oct 2014
The Committee considered its draft Budgetary Review and Recommendations Report (BRRR) as Section 77 (3) of the Constitution stipulated that an Act of Parliament must provide for a procedure to amend money bills before Parliament. The Report spoke to the mandate and methodology of the Committee, as well as listed ...
Public Enterprises
Department of Public Enterprises on its 2013/14 Annual Report
15 Oct 2014
The Portfolio Committee received a briefing from the Department of Public Enterprises (DPE or the Department) on its 2013/14 Annual Report. It was noted that the DPE was the government shareholder representative with oversight responsibility for eight State Owned Companies (SOCs): These were: Eskom, Denel, Safcol, Broadband Infraco, Alexkor, Transnet, ...
Public Enterprises
Audit outcomes of Department of Public Enterprises: AGSA briefing
14 Oct 2014
The Portfolio Committee on Public Enterprises met to receive presentations from the Auditor-General of South Africa (AGSA) on the outcome of the Department of Public Enterprises (DPE) for 2013/14. The AGSA focused on the financial statements of the departments and its entities in order to check whether there were any ...
Public Enterprises
Public Finance Management Act & Preferential Procurement Policy Framework Act: implications for State Owned Companies
17 Sep 2014
National Treasury said the objective of the Public Finance Management Act (PFMA) was to secure transparency and sound management of revenue, expenditure, assets and liabilities, by institutions. Key provisions of the Act for state owned companies were timely submission of corporate plans and budgets; auditing of financial statements by the ...