Politician Profile Page
Public Enterprises
Department & State-Owned Companies Medium term financial & operational performance; State-Owned Companies ecent developments: update
13 Nov 2019
DPE of Public Enterprises presented its operation and financial performance report for the second quarter of 2019/20. It managed to achieve only 50% of the planned targets for the quarter due to capacity constraints and delays experienced in implementing some of its projects.
DPE raised the dire state of affairs ...
Public Enterprises
Denel 2018/19 Annual Report
6 Nov 2019
The Committee received a briefing on the annual report and financial statements of Denel for the 2018/19 financial year.
Denel achieved seven of its 23 key performance indicators (KPIs) in the shareholder compact which was 30.4 percent of the targets for 2018/19. The significant non-achievement of ...
Public Enterprises
Safcol 2018/19 Annual Report, with special emphasis on land claims & post-settlement model for all stakeholders
30 Oct 2019
The South African Forestry Company Limited (SAFCOL) briefed the joint Committee on its strategy and business, its performance against shareholders compact, the financial performance, its human and social capital, and the way forward for the state-owned entity.
SAFCOL had a history and culture of not doing ...
Public Enterprises
Transnet 2018/19 Annual Report
23 Oct 2019
The Committee was briefed by Transnet on its Annual Report and financial statements for 2018/19 financial year. The Committee congratulated Transnet for not asking for a financial bailout like the other SOEs had done. The Committee advised Transnet to strengthen oversight in order to avoid future irregular ...
Public Enterprises
Public Enterprise Budgetary Review and Recommendations Report
16 Oct 2019
Available here once adopted: BRRR 2019
The Committee met to adopt the Budgetary Review and Recommendation Report (BRRR) of the Portfolio Committee on Public Enterprises. Members were generally satisfied with the report.
The Members emphasised the need for the transparency on the part of the Department and the various ...
Public Enterprises
Eskom on its 2018/19 Annual Report
9 Oct 2019
VIDEO: Eskom explain its financial statements to Parliament
Link to: Eskom Annual Report 2018/2019
Eskom reported a net loss after tax of R21bn for 2018/19 as compared to R2.3bn the previous year. The utility's debt exceeded R440bn. It spent R6.5 billion on diesel-generated power to minimise the magnitude of load-shedding. ...
Public Enterprises
Audit Outcomes: AGSA briefing; Department of Public Enterprises 2018/19 Annual Report, with Deputy Minister
8 Oct 2019
The Auditor General of South Africa presented the audit outcomes for 4 entities and the Department of Public Enterprises. It noted the declining performance in audit outcomes for the entities under the DPE’s management, although the Department received a clean audit (the only body to receive one). ...
Public Enterprises
Alexkor & SAA on progress made in addressing governance challenges and financial performance; with Deputy Minister
18 Sep 2019
The Committee was briefed by the Department of Public Enterprises on how the Alexkor diamond mining company and the country’s ailing national carrier, South African Airways, were addressing their financial and governance challenges.
The DPE told the Committee it had received numerous complaints from mining contractors alleging that they had ...
Standing Committee on Appropriations
Special Appropriation Bill [B10-2019]: Department of Public Enterprises and Eskom briefings; with Minister
10 Sep 2019
The Minister said Eskom was a vital utility and crucial to the economy. It had been the target of state capture, and damage had been done to it. There had now been a two year period of recovery in the areas of governance, finance and operations, but the company was ...
Public Enterprises
Denel on progress made in addressing governance challenges & advancing developmental objectives; with Deputy Minister
4 Sep 2019
Denel said the company presented a great opportunity for the country to improve its balance of payments, and there was a need for it to liberate its knowledge to benefit the citizens of the country. The Committee was told Treasury had approved a R1.8bn guarantee to the state-owned company (SOC). ...