I have been furnished with a reply by the CEO of the IDC, Mr Geoffrey Qhena, to the question, which I quote as follows:

“The IDC approved a total funding amount of R185 million for Glodina Lifestyle (Pty) Ltd (“Lifestyle”) to acquire a division of KAP Homeware (Pty) Ltd (“KAP”). No amount has been approved to affiliates of KAP in ...

a) The IDC publishes details of its impairments and write-offs in its Annual Reports, details of which are contained on page 76 of the 2017/18 Annual Report. For ease of reference, the information is set out below:

The IDC provides information on business partners that it funds, on the IDC website.

Details regarding investment date, value and shareholder details of IDC clients may be accessed at:

https://www.idc.co.za/images/DISCLOSURE_OF_IDC_FUNDED_BUSINESS_PARTNERS_FROM_1_APRIL_2017_-_31_MARCH_2018.pdf

I also refer the Honourable Member to the reply to Parliamentary Question 1575, of 18 May 2018.

-END-

The Economic Development Department, ITAC, Competition Commission and Competition Tribunal do not have land investments.

Attached as Annexure ‘A’ is information on land owned by the IDC. The properties are part of the IDC’s overall portfolio.

-END-

The information regarding dismissals and labour disputes faced by EDD is provided in the Annual Report of the department. Information on the 2017/18 financial year will be available in the report to be tabled in Parliament on 30 September 2018. Reports regarding previous years may be obtained at the following website: www.economic.gov.za

For entities that do not report details in their Annual Reports, I ...

I have been furnished with a reply by the CEO of the IDC, Mr Geoffrey Qhena, to the question, which follows below:

“ (a) This matter is now subject to litigation in an effort to recover IDC’s exposure of R287.5million. The R287 million is made up of R37.5 million remaining capital of the original R250 million loan and R250 million return on the original loan.

(b) ...

Changes in the prices of petrol, diesel and other fuels are published by the Central Energy Fund on their website: http://www.cefgroup.co.za/petrol-price/.

As of 6 June 2018, the price of both grades of Petrol (i.e. unleaded and lead replacement) has increased by 82 cents per litre.

The change in the price of petrol is typically a function of both changes in international exchange rates ...

a) The rationale behind Government’s imposition of import duties on imported steel was to protect local steel manufacturing capacity from the surge of imports resulting from the global oversupply of steel.

South Africa is the only African country with this manufacturing capability and the steel industry is strategic to the country, given its linkages with other sectors of the economy.

The extremely low-priced imports ...

I have been advised by the Competition Commission that since 1 January 2017, nine law firms have been briefed on cartel cases, at a cost to date of R16 600 363. Details on law firms and number of cases can be found below.

I am informed that the Economic Development Department and its entities: the IDC, ITAC, Competition Commission and Competition Tribunal, do not have sexual harassment cases reported during the 2016 and 2017 financial years.

-END-