NW2137E - 09 September 2016

Michael John Cardo to ask the Minister of Economic Development

What amount in funding did the Industrial Development Corporation commit to the establishment of the Beijing Automobile International Corporation automotive assembly plant at the Coega Industrial Development Zone?

Reply from the Minister of Economic Development on 9 Sep 2016

The IDC will be subscribing for 35% shareholding in the project and has committed a funding package totalling R1,5 billion for this purpose. This funding package is made up of subscription of ordinary shares, shareholder’s loan and shareholder guarantees proportional to its envisaged 35% shareholding in the project company. The rest of the funding for the project costs will be invested by the BAIC ...

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2016-w1624 - 20 June 2016

Patrick George Atkinson to ask the Minister of Economic Development

(1)What (a) was the initial loan amount given to Oakbay Resources and Energy by the Industrial Development Corporation (IDC) to fund the purchase of the Shiva uranium mine, (b) amount of the specified loan plus accrued interest was paid back to the IDC before the remainder of the loan was converted into equity and (c) were the reasons for the IDC registering a (i) mortgage bond to the value of R250 million and (ii) general bond to the value of R 250 million over the specified mine’s assets; (2) was any further consideration given to the specified mine for the specified bonds; if not, why not; if so, what are the relevant details; (3) whether any steps have been taken by the IDC to protect its interest in its investment(s) in the specified mine, such as acquiring a director for the board; if not, why not; if so, what are the relevant details; (4) (a) what was the final amount converted to equity of the loan given by the IDC to Oakbay Resources and Energy to purchase the Shiva mine, (b) how did the IDC determine the value for the shareholding percentage of the converted equity and (c) what residual amount remains owing to the IDC after the specified loan was converted to equity; (5) whether the IDC granted any other loans to (a) Oakbay Resources and Energy, (b) any other Oakbay Investments entity and/or (c) any other company linked to the Gupta family; if so, what are the relevant details in each case?NW1794E

2016-w1609 - 13 June 2016

Michael John Cardo to ask the Minister of Economic Development

When will the provision of the Competition Act‚ Act 89 of 1998, as amended, which states that a person found guilty of an offence under the competition laws may be fined up to R500 000 or imprisoned for up to 10 years‚ be implemented?

2016-w1611 - 07 June 2016

Michael John Cardo to ask the Minister of Economic Development

(a) How many officials from his department attended the 2016 World Economic Forum on Africa that was held in Kigali, Rwanda, from 11 May 2016 to 13 May 2016, as part of the South African delegation and (b) what were (i) the names of the attendees and (ii) their formal designations or positions in Government?

2016-w1610 - 07 June 2016

Michael John Cardo to ask the Minister of Economic Development

(1)How many written submissions were received on the proposed amendments to the Price Preference System on the Exportation of Ferrous and Non-ferrous Waste and Scrap Metals published in Government Gazette notice R.1211 on 11 December 2015; (2) whether any oral submissions have been heard by the International Trade Administration Commission (ITAC) on the proposed amendments; if not, what is the position in this regard; if so, (a) what are the names of the stakeholders that were invited by ITAC to make oral submissions and (b) what was the gist of their submissions in each case?

2016-w1541 - 06 June 2016

Shahid Esau to ask the Minister of Economic Development

(a) What amount did (i) his department and (ii) each entity reporting to him spend on advertising in the 2015-16 financial year and (b) how much has (i) his department and (ii) each entity reporting to him budgeted for advertising in the 2016-17 financial year?

2016-w1389 - 30 May 2016

Désirée Van Der Walt to ask the Minister of Economic Development

Whether (a) his department and (b) all entities reporting to him are running development programmes for (i) small businesses and (ii) co-operatives; if not, why not; if so, in each case, (aa) what are the relevant details, (bb) what amount has been budgeted and (cc) how many jobs will be created through the specified development programmes in the 2016-17 financial year?

NW1794E - 27 May 2016

Patrick George Atkinson to ask the Minister of Economic Development

(1) What (a) was the initial loan amount given to Oakbay Resources and Energy by the Industrial Development Corporation (IDC) to fund the purchase of the Shiva uranium mine, (b) amount of the specified loan plus accrued interest was paid back to the IDC before the remainder of the loan was converted into equity and (c) were the reasons for the IDC registering a (i) mortgage bond to the value of R250 million and (ii) general bond to the value of R 250 million over the specified mine’s assets; (2) was any further consideration given to the specified mine for the specified bonds; if not, why not; if so, what are the relevant details; (3) whether any steps have been taken by the IDC to protect its interest in its investment(s) in the specified mine, such as acquiring a director for the board; if not, why not; if so, what are the relevant details; (4) (a) what was the final amount converted to equity of the loan given by the IDC to Oakbay Resources and Energy to purchase the Shiva mine, (b) how did the IDC determine the value for the shareholding percentage of the converted equity and (c) what residual amount remains owing to the IDC after the specified loan was converted to equity; (5) whether the IDC granted any other loans to (a) Oakbay Resources and Energy, (b) any other Oakbay Investments entity and/or (c) any other company linked to the Gupta family; if so, what are the relevant details in each case?

Reply from the Minister of Economic Development on 27 May 2016

No other loans were granted to any other Oakbay Investments entity and/or (c) any other company linked to the Gupta family.

-END-

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NW1781E - 27 May 2016

Michael John Cardo to ask the Minister of Economic Development

(a) How many officials from his department attended the 2016 World Economic Forum on Africa that was held in Kigali, Rwanda, from 11 May 2016 to 13 May 2016, as part of the South African delegation and (b) what were (i) the names of the attendees and (ii) their formal designations or positions in Government?

Reply from the Minister of Economic Development on 27 May 2016

One official, Dr Molefe Pule, Chief of Staff in the Ministry of Economic Development, accompanied me to Kigali, Rwanda for the World Economic Forum Africa.

-END-

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NW1780E - 27 May 2016

Michael John Cardo to ask the Minister of Economic Development

(1) How many written submissions were received on the proposed amendments to the Price Preference System on the Exportation of Ferrous and Non-ferrous Waste and Scrap Metals published in Government Gazette notice R.1211 on 11 December 2015; (2) whether any oral submissions have been heard by the International Trade Administration Commission (ITAC) on the proposed amendments; if not, what is the position in this regard; if so, (a) what are the names of the stakeholders that were invited by ITAC to make oral submissions and (b) what was the gist of their submissions in each case?

Reply from the Minister of Economic Development on 27 May 2016

1.I am advised that a total number of 73 entities responded with written comments to the proposed amendments to the Price Preference System (PPS) on the Exportation of Ferrous and Non-ferrous Waste and Scrap Metals published in Government Gazette notice R.1211 on 11 December 2015.

(2) (a) Oral submissions have been heard by the Commission (ITAC) and were
made by the following entities:

  • Metal ...
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