With reference to her reply to question 2179 on 11 November 2016, why did the Strategic Fuel Fund indicate on page 51 of its 2015-16 annual report that an amount of R2,1 billion was transferred to the Equalisation Fund, which the specified fund’s 2015- 16 annual report confirms?
The Strategic Fuel Fund compiles its Annual Financial Statement in accordance with the International Financial Reporting Standards (IFRS) that prescribes that an entity must account for transactions not only on a cash basis but also on an accrual basis.
Therefore the Transfer in question is an accrued expense as a result of the application of the provisions of Section 3(A)(c) of the CEF ...
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(1) (a) Who were the buyers of the Strategic Fuel Fund’s sale of 10 million barrels of crude oil, (b) what portion of the specified number of barrels did each buyer buy and (c) what amount did each buyer pay; (2) have all payments in respect of the specified sale been made to date; if not, why not; if so, by what date was each payment made; (3) whether her department reserves the right to reverse the sale if found to have been illegally transacted; if not, why not; if so, what are the relevant details?
- The information is provided in the table below:
- CUSTOMER
|
- CRUDE OIL (BASRAH)
|
(b) CRUDE OIL (BONNY)
|
(c)TOTAL REVENUE
(US$ )
|
|
Volume sold (bbls)
|
Volume sold (bbls)
|
|
Venus/Glencore
|
-
|
3 000 000
|
$90 224 970
|
Vitol
|
3 000 000
|
-
|
$78 606 000
|
Taleveras
|
2 000 000
|
2 000 000
|
$112 000 000
|
TOTAL
|
|
$280 000 000
|
2. Yes all the payments for the products sold have been made. ...
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(1)Whether, with reference to the Strategic Fuel Fund’s 2015-16 annual report, the 300 000 barrels of crude oil to the value of R60 million that was lent to a service provider has been (a) paid for and (b) returned to the specified fund; if not, in each case, why not; if so, in each case, what are the relevant details;
(2) (a) when did the lending of the specified barrels of crude oil occur, (b) what is the name of the specified service provider, (c) when did she become aware of the loss of the barrels of crude oil, (d) why were the barrels of crude oil lent to the service provider in the first place and (e) why were the barrels of crude oil not returned to the fund;
(3) whether her department has a policy in place to check whether a potential service provider has any political connections; if not, what is the position in this regard; if so, (a) what were her department’s findings in respect of the specified service provider and (b) what are the further relevant details;
(4) what internal controls are in place at the fund to prevent it incurring losses in similar types of transactions? NW2500E
What programmes or initiatives has her department put in place to educate rural and poor communities about the importance of energy efficiency?
To educate the public about the importance of energy efficiency, the Department developed and launched the Energy Efficiency Campaign Strategy during the United Nations Convention on Climate Change’s 17th Conference of Parties (COP 17) held in Durban in 2011. In addition, on 13 March 2015, the President of South Africa launched the Presidency and Government energy savings campaign highlighting various initiatives the government will ...
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(a) Why did the PetroSA Board agree to go ahead with the drilling of wells in the Ikhwezi Project even though initial drilling and subsequent reports indicated that the field contained only 46 billion cubic feet of gas instead of the predicted 242 billion cubic feet and (b) what are the (i) names of each board member present at the meeting where the decision was taken to continue drilling wells in the specified project, (ii) relevant details of the (aa) process followed to make the decision and (bb) scientific evidence used to (aaa) make the initial determination to drill wells in the project and (bbb) continue drilling wells and (iii) names of each company and/or organisation that forecast the 242 billion cubic feet?
The information that is requested by Honourable van Dalen is in the process of being considered by the Portfolio Committee on Energy of which he is a member.
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Whether any (a) internal and/or (b) external forensic reports pertaining to (i) her department and/or (ii) each entity reporting to her were completed from 1 January 2009 up to the latest specified date for which information is available; if not, in each case, why not; if so, what is the (aa) name, (bb) subject matter and (cc) date of conclusion of each of the specified forensic reports?
(1)(a) What is the value in rand of each contract awarded for the (i) Ingerop: Cost of Nuclear Power, (ii) KPMG: Procurement Framework, (iii) Ingerop: Owner-Operator and Financing Structures, (iv) Deloitte: Finance Options Models Solutions and (v) Deloitte: Deferred Return on Government Investor Approach documents, (b) which of her department’s budgets were used in each case and (c) in which financial years respectively;
(2) whether she will furnish Mr G Mackay with a copy of each of the (a) tender and (b) bid award documents; if not, in each case, why not; if so, in each case, by what date?
(1)(a) What was the value in rand of the contracts awarded for the (i) Mzansi Energy Solutions and Innovations Pty: Feasibility Study on the withdrawal of Safeguards Function from NECSA, (ii) Mahlako-A-Phahla Investments (with sub-contracting to certain companies (details furnished): Pre-Procurement Readiness Assessment and (iii) Empire Technology: Programme Management System, (b) which department’s budgets were used in each case and (c) in which financial years respectively;
(2) whether she will furnish Mr G Mackay with a copy of each of the specified (a) tender and (b) bid award documents; if not, in each
Whether the fuel stocks currently housed at the premises of the Strategic Fuel Fund Association will be moved to another location; if not, what is the position in this regard; if so, (a) where will the specified fuel stocks be moved to and (b) why?
(1)(a) What is the value in rand of each contract awarded for the (i) Ingerop: Economic Impact of Localisation of Nuclear New Build Programme, (ii) Nathan Gift Nhlapho Incorporated: Feasibility Study on Effective Independence of the National Nuclear Regulator, (iii) Nathan Gift Nhlapho Incorporated: Requirements, Considerations and Necessary Arrangements by the Government in Order for South Africa to Accede to One of the IAEA Nuclear Liability Conventions, (iv) Zimkile Consulting: The Development of Training Programme of First Responders for Nuclear and Radiological Emergencies and (v) University of Pretoria: A Detailed Financing Model for the Radioactive Waste Management Fund documents, (b) which of her department’s budgets were used in each case and (c) in which financial years respectively;
(2) whether she will furnish Mr. G Mackay with a copy of each of the (a) tender and (b) bid award documents; if not, in each case, why not; if so, in each case, by what date?