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Public Enterprises
State Owned Companies reform: progress report by Department of Public Enterprises
2 Mar 2016
The Department of Public Enterprises gave an update on the progress in the reform the State Owned Companies (SOCs), highlighting the current state of the economy and its influence on policy choices for state ownership, progress on key indicators for the State Owned Companies (SOCs). Pursuing the developmental agenda is ...
Public Enterprises
South African Express Airways on 2014/15 Annual Report
17 Feb 2016
SA Express Airways said that it had trebled its turnover from just under R700 million ten years ago, to R2.6 billion in 2015. SA Express achieved 27 of 44 (61%) indicators. Between November 2014 and January 2015, the fuel prices had decreased considerably. However, crude prices had not decreased at ...
Public Enterprises
South African Forestry Company Ltd (Safcol) on its 2014/15 Annual Report
18 Nov 2015
The Safcol CEO noted in her briefing on the 2014/15 Annual Report, that three years ago the reports on Safcol were not good. However, Safcol was a company in transition and the board had come in at the right time. It had 18 plantations in South Africa and four in ...
Public Enterprises
Eskom on its 2014/15 Annual report
4 Nov 2015
Eskom 2014/15 Annual Report [awaited]
The Eskom briefing was led by Dr Ben Ngubane, Chairman of the Board, and by Mr Brian Molefe, Eskom’s Chief Executive Officer. The Board emphasised its commitment to re-energising Eskom and to creating growth and value for the shareholder and the nation. All previous “acting” ...
Public Enterprises
Public Enterprises committee oversight reports; Committee strategic plan
21 Oct 2015
Documents handed out:
Draft Report of Portfolio Committee on Public Enterprises on oversight visit to Eskom Megawatt Park on 24 July 2015, dated 21 October 2015
Draft Report of Portfolio Committee on Public Enterprises on oversight visit to Transnet National Control Centre, dated 21 October 2015
Draft Report of Portfolio ...
Public Enterprises
State-owned companies corporate governance challenges: progress report; Department of Public Enterprises 1st Quarter 2015/16 performance
9 Sep 2015
The Minister of Public Enterprises told the Committee that the concept of government ownership, and the government conducting itself as a shareholder in essential sectors, was emerging as an important vehicle by which the state could achieve its strategic economic objectives. The success of such an approach required a specific ...
Public Enterprises
State-Owned Companies contribution to Industrial Develpment: briefing by Department of Trade & Industry
18 Aug 2015
The Department of Trade and Industry (dti) said the National Development Plan (NDP) identified the risk to sustainable, inclusive growth if the country did not purposively diversify its economy. Government’s 9-Point Plan is a response to the current global and domestic challenges. The Plan identifies the role of State Owned ...
Public Enterprises
Road to Rail Strategy: Transnet progress report
17 Jun 2015
Transnet Freight Rail (TFR) briefed the Portfolio Committee on Public Enterprises on the progress made in the implementation of the road-to-rail strategy to date. It said that when the Market Demand Strategy (MDS) had been launched in 2012 -- with an emphasis on massive capital investments and moving additional tonnage ...
Public Enterprises
South African Forestry Company Limited Diversification Strategy and Land Claims briefings
27 May 2015
The Portfolio Committee was briefed by the South African Forestry Company Limited (SAFCOL) on its diversification strategy. SAFCOL highlighted that the key strategic priorities were land claims, employment rates, education and skills level in the forestry sector, competitor advancement in upgrading the technology in their operations, climate change and legislation ...
Public Enterprises
Best Corporate Governance Practices: Institute of Directors of Southern Africa capacity building session
20 May 2015
The Institute of Directors of Southern Africa (IoDSA) facilitated a capacity building session with the Committee focusing on corporate governance practices and Board effectiveness in the public sector. The briefing identified critical points around issues of shareholder expectations, value-adding by means of good governance, understanding the strategy, risk, performance and ...