Politician Profile Page
Public Enterprises
Alexkor (Richtersveld) and Safcol land claims challenges: DRDLR briefing; Deputy Minister Rural Development present
22 Feb 2017
The Deputy Minister of Rural Development and Land Reform was present at the meeting. The first briefing was given by the Commission on Restitution of Land Rights, who briefly outlined that so far 3.3 million hectares of land had been restored to communities and individuals, and R4.2 billion funding given ...
Energy
South Africa’s future electricity mix: CSIR briefing
21 Feb 2017
The Council for Scientific and Industrial Research briefed the Committee on the scenarios surrounding the introduction of various energy sources to meet the electricity demand up until the year 2050.
Since the year 2000 both wind and solar PV had been heavily subsidised by government however various market changes had ...
Energy
Integrated Resource Plan (IRP) & Integrated Energy Plan (IEP) update, with Deputy Minister
14 Feb 2017
The Department of Energy (DoE) took the Committee through the updates on the modelling and conclusion of the Integrated Energy Plan (IEP) and Integrated Resource Plan (IRP). Both policy tools had been allocated a consultation process from November 2016 to March 2017, which has not been finalised as stakeholders’ contributions ...
Energy
Nuclear New Build Programme contracted investigations
29 Nov 2016
The Committee were briefed by the Department of Energy (DOE) on the contracts that it entered into over a five-year period to investigate the procurement of the Nuclear New Build programme (NNBP). The DOE reported on each of the studies carried out highlighting their purpose, output, cost and duration.
The ...
Public Enterprises
Alexkor on its Annual Report 2015/16
16 Nov 2016
It was evident that Alexkor is under a great deal of financial strain and pressure. The key challenges were: Alexkor’s lack of an adequate working capital; low carat production which resulted in a 7% diamond revenue decrease; the full and final implementation of the Deed of Settlement, ...
Energy
Central Energy Fund (CEF) on its Annual Report for 2015/16
8 Nov 2016
Annual Reports 2015/16
The CEF reported that CEF Group had an asset value of R35 billion and currently employed about 2 100 people. Major achievements for the group included an unqualified audit opinion by the Auditor-General. The group of companies had a R16.2 billion cash balance and reported that it ...
Energy
PetroSA R14.5 billion impairment forensic report: Department of Energy & PetroSA Board briefing
1 Nov 2016
The Energy Portfolio Committee met to receive a briefing on the forensic investigation of PetroSA with regard to the R14.5 billion impairment of its assets. However, PetroSA indicated that the report contained confidential information that could not be provided to the public, and it therefore could not provide the full ...
Public Enterprises
Denel on its 2015/16 Annual Report; Public Enterprises Budget Review and Recommendations Report
26 Oct 2016
Denel briefed the Committee on its annual report and financial statements for the 2015/16 financial-year, and indicated that the entity had continued to improve on historic results through restructuring and turnaround interventions, and had posted a profit for five consecutive years. The strategic focus was on increasing ...
Public Enterprises
Safcol on its 2015/16 Annual Report
19 Oct 2016
The SAFCOL report indicated lower performance than the target sets. In light of its losses, SAFCOL presented its strategic plan for the future to ensure financial sustainability, industrialisation and community involvement.
In discussion, Members raised concerns about SAFCOL inability to industrialise, engaging with land claimants, the alleged ...
Energy
PetroSA’s R14.5 Billion Impairment: meeting postponed
18 Oct 2016
During the deliberations the Committee understood that;
-it was evident that the Department of Energy (DoE) was not yet ready with the outcome of PetroSA’s Impairment report and expressed displeasure over the lateness of the forensic report.
-The forensic report needed to ascertain whether the intervention through the turnaround strategies ...