The IDC from time to time undertake large transactions for which it requires advisory or technical support, often involving global consultancy firms with expertise in the areas concerned.

In the three transactions referred to, the IDC utilized specialist advisory skills for transactions with initial transaction value estimates set out in the table below:

The Economic Development Department, Competition Tribunal and ITAC are not funding any institution of research and development either domestically or internationally. Below are details of Competition Commission and IDC funding for institutions of research development.

Competition Commission

During the Economic Development Budget Vote, I noted the following:

“To address obstacles to investment projects, the Department will target 22 investment and infrastructure projects it will help to unblock.”

The target was derived from the Department’s Annual Performance Plan tabled in parliament earlier this year.

The actions consist of identifying investment and infrastructure projects that are not proceeding to schedule due to reasons ...

I am advised by the IDC that Start-Up Nations South Africa is a platform for the IDC to assist in establishing and developing a conducive environment for entrepreneurs and the promotion of entrepreneurship in South Africa, particularly in support of increasing youth enterprise applications. The IDC is a founding member of the programme. The IDC has motivated its participation in this programme as providing support ...

(a) & (b) Security Services for the Minister and Deputy Minister is provided by SAPS VIP Protection. These services comply with the provisions in the Ministerial Handbook.

(c) The Industrial Development Corporation (IDC); the Competition Tribunal and the International Trade and Administration Commission (ITAC) do not make use of any security services paid by the state for heads of the entities, their immediate family ...

a) I am advised that the management of the Department (EDD); the Industrial Development Corporation (IDC); International Trade Administration Commission (ITAC) and Competition Tribunal are not aware of any contracts that were awarded to staff members in the above mentioned financial years, and to the best of their knowledge, no contracts were awarded to staff members.

b) Mr Nkhumeleni, a Case Administrator at the ...

ITAC intends to finalise its investigation and findings during August 2017. Once the Commission has made its final determination, it will make a recommendation to the Minister of Trade and Industry, who is responsible for the process of negotiation with the EU in terms of the bilateral trade agreement in place. The Department of Trade and Industry will publicise the Minister’s final decision, after ...

During the recent Economic Development Budget Vote, I set out the key steps that will be taken by the Department and agencies reporting to it, to address the economic challenges and to contribute to government’s overall response to the recession. These include specific steps on industrial funding, infrastructure investment, competition policy and social partnership spelt out in the Budget Vote speech, a copy of ...

The EDD, Competition Tribunal, ITAC and Competition Commission did not appoint any transaction advisors for any tenders in the period 01 January 2012 to 31 December 2016.

The IDC engages the services of transaction advisors in the execution of some of its strategic business related activities.

For the period 01 January 2012 to 31 December 2016, the following transaction advisors were appointed by the ...

The Competition Tribunal, ITAC, and Competition Commission did not make any payments to the Black Management Forum for its Corporate Update dinner hosted on the 09 June 2017.

The IDC purchased one table at the Black Management Forum (BMF) dinner at a cost of was R40 000 excluding VAT. The sponsorship included one corporate table, branding for the IDC and allowance for a total ...