Politician Profile Page
Public Enterprises
Denel Briefing: Update on Implementation of its Turnaround Strategy; with Deputy Minister
16 Nov 2022
In this meeting, Denel updated the Committee on implementation of its turnaround strategy. Over the past few years, Denel has been heavily reliant on government to remain in business, with a debt facility of R5.9 billion guarantee being extended and funding of R2.9 billion for debt covering. This was ...
Public Enterprises
Business rescue process of SOEs: parliamentary oversight and legislation
9 Nov 2022
The Portfolio Committee on Public Enterprises was briefed in a virtual meeting by Parliament’s legal services on how it could exercise oversight over the business rescue processes of state-owned enterprises (SOEs). The briefing dealt with the legislation relating to business rescue and liquidation processes, challenges and recommendations, and the ...
Public Enterprises
Safcol Annual Report 2021/22; with Deputy Minister
26 Oct 2022
The South African Forestry Company Limited (SAFCOL) reported that during the 2021/22 financial year, its revenue had increased by 33% to R1.2 billion, and its operating profit from R40 million to R387 million. Profit after tax had improved from a loss of R45 million to a profit of R84 ...
Public Enterprises
Public Enterprises BRRR; Koeberg oversight visit prep
19 Oct 2022
The Committee discussed and adopted its Budgetary Review and Recommendations Report for the Public Enterprises portfolio. The major concern was the state of public enterprises such as Eskom, Transnet and Denel, as well as the recommendations that were not implemented. Other points raised were lack of ...
Public Enterprises
Public Enterprises Portfolio Audit Outcomes; DPE Annual Report 2021/22; FFC Input on performance of SOEs; with Deputy Minister
12 Oct 2022
The Committee convened in a virtual meeting to receive a briefing by the Auditor-General of South Africa (AGSA) on the audit outcomes of state-owned companies and the Department of Public Enterprises (DPE), a briefing by the Financial and Fiscal Commission (FFC) on its observations and findings ...
Public Enterprises
International state-owned enterprise (SOE) case studies
30 Sep 2022
The Committee received a briefing from the Committee Researcher on international state-owned enterprise (SOE) case studies. It also discussed whether the Committee should conduct an international study tour.
The presentation provided a case study of South Korea, India, Malaysia and the Philippines. The following observations were made:
- SOE ...
Small Business Development
Presidency Briefing on Socio-Economic Impact Assessment System (SEIAS)
28 Sep 2022
The Policy and Research Services branch in the Presidency presented the Socio-Economic Impact Assessment System (SEIAS) to the Portfolio Committee on Small Business Development.
The presentation discussed the basic understanding of the SEIAS, how it was introduced, its application, and the institutional arrangements for its implementation. The implementation highlights, ...
Mineral and Petroleum Resources
Issues raised during the joint oversight visit to Koeberg Nuclear Power Plant: NUM & Eskom input
27 Sep 2022
The Portfolio Committees on Mineral Resources and Energy and Public Enterprises convened in a joint virtual meeting to receive a brief overview by the National Union of Mineworkers (NUM) on issues raised during the joint oversight visit to the Koeberg nuclear power plant in April 2022, including new developments ...
Public Enterprises
South African Airways Annual Report for year ended March 2018
21 Sep 2022
The Committee convened in a virtual meeting to receive a briefing from South African Airways (SAA) on their annual report and financial statements for the financial year ended March 2018.
The annual report was only finalised after SAA exited Business Rescue in April 2021. While a substantial part of ...
Small Business Development
DSBD, SEDA, SEFA 2022/23 Quarter 1 Performance; with Deputy Minister
21 Sep 2022
Video
In his opening remarks about Quarter 1 performance, the Deputy Minister said there had been success stories and areas where targets were unmet due to challenges. Moving forward, the Department has plans to bridge the gaps that exist for the Department of Small Business Development (DSBD), and its two ...