Politician Profile Page
Economic Development
Minister for Economic Development on Industrial Development Corporation (IDC) investment strategy
2 Jun 2015
Minister Ebrahim Patel said that the role of the IDC was important. Without the IDC, the economy would be worse off as the IDC’s level of investment was significant and moreover attracted private sector investments. The IDC used its investment portfolio to generate income to pay its overheads and to ...
Economic Development
International Trade Administration Commission, Competition Tribunal & Competition Commission 2015 Strategic Plans
28 Apr 2015
Document awaited: Contributions to Employment Creating Growth through ITAC’s Instruments
The International Trade Administration Commission (ITAC) made two presentations. The first was on its strategic and annual performance plans covering policy direction; legal frameworks; key strategic objectives performance areas and services; tariff investigations; trade remedy investigations; import and export control ...
Economic Development
Industrial Development Corporation Strategic and Annual Performance Plans
21 Apr 2015
The IDC is going to maximise its impact with existing resources it has to increasingly lead industrial capacity development.
The activities of the IDC are aligned to the programmes of the government that focus on driving increased economic activity in productive sectors and seeking to have a greater impact on ...
Economic Development
Minister of Economic Development on their 2015/16 Strategic Plan
14 Apr 2015
The Committee heard a briefing by the Minister and Deputy Minister of Economic Development on the Department’s Strategic Plan and Annual Performance Plan.
The Minister spent time outlining the context within which the Department operated before moving on to give details of the three programmes of the Department: Administration; Growth ...
Economic Development
Economic Development Committee Programme; Oversight report; Capacity building workshop report
17 Mar 2015
The Committee met briefly to consider the programme for the year as well as the oversight reports from visits up until February and their Capacity Building Workshop Report. The matters were reviewed swiftly with minimal dissent and settled for further review.
The Chairperson said the meeting was convened to consider ...
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 ...