1. (a) R1 383 428.55 is the total amount that was paid out in bonuses to employees for the 2016/17 financial year.
(b) 1. Salary level 3 (3 employees) - R21 815.04
2. Salary level 5 (4 employees) - R30 787.35
3. Salary level 6 (4 employees) - R66 248.01
4. Salary level 7 (6 employees) - R112 082.79
5. Salary level 8 (12 employees) ...
I have been furnished with a reply by the CEO of the IDC, Mr Geoffrey Qhena, to the question, which follows below.
(a) The total amount spent by IDC on advertising was R33 833 079.89 in the 2016-17 financial year (see table below).
(b) The IDC’s budget for advertising in the specified financial year (2016/17) was R38 000 000.
IDC Advertising spend:
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Digital |
Yonder Media – nett |
74 ... |
Details of current and non-current assets are available in the 2016/17 Annual Reports tabled in parliament for both the Department and its entities.
For the Economic Development Department, the details are contained from page 122 of the Audited Financial Statements. Similar details may be obtained in entity reports.
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(1)What (a) was the (i) value and (ii) purpose of the loan granted by the Industrial Development Corporation (IDC) to a certain person (name and details furnished) and (b) were the repayment terms of the specified loan; (2) whether the Deputy Minister of Public Enterprises, Mr Ben Martins, played any role in securing the loan for the specified person; if not, what is the ...
More »With reference to his statement at the 11th Annual Competition Law, Economics and Policy Conference, which took place from 30 August to 1 September 2017, that South Africa loses about R27 billion of Gross Domestic Product and 76 000 potential jobs every year due to corruption, (a) on what research are these figures based, (b) how were the figures calculated and (c) in which ...
More »The total number of transactions approved between January 2000 and March 2016 is 4450.
The IDC offers the following financing products:
The IDC may also take direct equity investments in companies at times.
The products and terms are structured in a way that will ...
IDC initiated the Masorini Iron and Steel Project (the “Project”) in 2010. The rationale for the project was to beneficiate local raw material and export semi-finished goods like steel products. The IDC completed a Project pre-feasibility study (“PFS”) for establishing a low cost iron and steel facility in South Africa based on the utilisation of high quality domestic raw material resources including Palabora magnetite ...
I have been furnished with a reply by the CEO of the IDC, Mr Geoffrey Qhena, to the question, which follows below.
1. “The circumstances resulting in the IDC laying criminal charges against the client are as a result of an audit finding which found that there was a material misrepresentation made by the company in its request for funding to the IDC, which ...
On 8 August 2017, there was a break-in at the offices of the Competition Commission during which laptops containing details of current investigationsa by the Commission, were stolen. The Commission reported the matter to the SAPS and obtained case number CAS 293/8/2017 from the Sunnyside SAPS station. The matter was raised by the Minister of Economic Development with the Minister of Police. The case ...