Politician Profile Page
Economic Development
Competition Act: workshop with Competition Commission
13 Feb 2018
With a Competition Amendment Bill on the cards for Parliament, the Committee Researcher gave a background to the Competition Act. Competition legislation originated in the US and Canada in the 1890s to limit the political and market power of trusts. Trusts and cartels increased prices and forced small businesses out ...
Public Enterprises
Eskom inquiry: Matshela Koko
24 Jan 2018
Mr Matshela Koko, Eskom Group Executive: Generation at Eskom and former Acting CEO, has worked for Eskom for 23 years although he has been on suspension a number of times and came close to being fired in 2011. He was put on special leave in May 2017 and later suspended ...
Economic Development
Investment and external trade promotion: Department of Trade and Industry briefing
28 Nov 2017
The Department of Trade and Industry (Dti) reported that South Africa was now ranked the number 38 exporter in the world. Over the past seven years, the country’s exports had shown a firm growth of 19%, which represented additional exports of R126 billion at constant prices. In 2016, its top ...
Economic Development
Joint Study Tour to Malaysia Report
21 Nov 2017
The Portfolio Committee considered and adopted with amendments the Report on the Joint Study Tour to Malaysia.
The purpose of the study tour was to learn from Malaysia, as a country that has long followed and implemented long-term development planning to achieve certain objectives such as economic growth and employment, ...
Economic Development
Economic Development Department on Quarter 2 performance, with Minister and Deputy Minister
14 Nov 2017
Documents handed out: Q2 report – EDD [document awaited as it is being updated]
The Economic Development Department (EDD) reported that South Africa’s unemployment rate had remained steady at 27.7% for the past three quarters. Jobs had increased by 92 000, to 16 192 000, while unemployment had increased by 33 000 to 6 210 000. ...
Economic Development
Oversight Report
7 Nov 2017
Apologies were received from the Member, Dr MJ Cardo
The Committee adopted outstanding minutes of meeting as well as Reports prepared on oversight visits. All minutes and Reports were adopted, some with minor amendments. There was a discussion on the absence of Mr M Mabika. The Chairperson requested the members ...
Economic Development
Committee minutes
31 Oct 2017
The Portfolio Committee considered and adopted six sets of minutes.
Economic Development
Economic Development Budgetary Review and Recommendations Report
24 Oct 2017
2017 Budget Review & Recommendations Reports – BRRR
The Portfolio Committee on Economic Development deliberated on the contents of the Department of Economic Development’s Budgetary Review and Recommendations Report, making recommendations and changes to the draft report. The meeting was conducted on a page-by-page process, as it was assumed that ...
Economic Development
Economic Development Department; Competition Commission + Tribunal Annual Report, with Minister
10 Oct 2017
Annual Reports 2016/17
The Economic Development Department achieved all its 23 KPIs and spent 98.6% of its budget. There were 170 products planned, but it over-achieved to 202 products. It indicated that there was an increase in employment of a 538 000 jobs from 15 675 000 to 16 ...
Economic Development
IDC + ITAC on their 2016/17 Annual Report
4 Oct 2017
Annual Reports 2016/17
IDC performance highlights for 2016/17 include:
• 175 transactions approved worth R15.3 billion up by 6% from the previous year;
• Total funding disbursed R11 billion, which was a decline of 3%;
• Jobs expected to be created or saved 20 881 (18 206 new jobs,2 675 jobs saved), up ...