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Economic Development
Committee Report on Economic Budget Vote
12 Apr 2016
The Chairperson, after consulting Members, decided that the meeting adjourn for an hour as the ruling party members needed to go into caucus around the report before presenting it to the meeting. The meeting adjourned and convened two hours later.
The Chairperson took Members through the report page by page. ...
Economic Development
IDC, ITAC, Competition Commission & Competition Tribunal on their 2016 Strategic & Annual Performance Plan
6 Apr 2016
The Industrial Development Corporation, the International Trade Administration Commission, the Competition Tribunal and Competition Commission presented their annual performance plans to the Portfolio Committee on Economic Development.
The Industrial Development Corporation’s corporate plan highlighted some key issues faced by the entity, especially those which were due to the current economic ...
Economic Development
Economic Development Department on its 2016/17 Annual Performance Plan, with Minister & Deputy
5 Apr 2016
The Deputy Minister of the Economic Development Department (EDD) reported on his Department’s annual performance plan (APP) for 2016/17. He said the overall objective of the APP was to seek new and more effective ways of implementing the APP, and the smart use of resources to attain maximum value for ...
Economic Development
2016 Budget overview: Parliamentary Budget Office briefing
15 Mar 2016
The Parliamentary Budget Office (PBO) provided a 2016 budget overview. The role and function of the PBO was firstly explained and it was stressed that it did its work in consideration of what the National Development Plan stated were the priorities. It was noted that it was important to study ...
Economic Development
Minister of Economic Development on Department’s 2nd Quarter Performance
1 Mar 2016
The Minister on Economic Development reported on his Department’s 2nd Quarter performance. The Department obtained an unqualified audit opinion for 2014/15 with an improved management report and no material misstatements. Nominal GDP in the period under review was slightly more than R1 trillion. Though South Africa avoided a recession, growth ...
Economic Development
Sasol Cases: Competition Commission investigations briefing
23 Feb 2016
The Competition Commission (CC) briefed the Committee on its investigations into Sasol Chemical Industries Limited (Sasol). A brief history of Sasol was given by way of background, and the CC emphasised the firm’s move from a public entity to the private sector, and the results that this had had on ...
Economic Development
Competition Tribunal on its 2014/15 Annual report
18 Nov 2015
The Committee met to hear the Annual Report of the Competition Tribunal, sister entity to the Competition Commission. The presentation started by detailing the types of case the Tribunal considers and examples of each. Most explored were cartel cases against 40 furniture cases and an abuse of dominance case against ...
Economic Development
Industrial Development Corporation on its 2014/15 Annual Report
10 Nov 2015
The IDC said that it was operating in a challenging environment in South Africa and globally, but that it had to a large extent achieved what it had set out to achieve. However, the next report would reflect the tougher trading conditions currently being experienced. Its vision, mission and main ...
Economic Development
International Trade and Administration Commission (ITAC) on their 2014/15 Annual Report
3 Nov 2015
The International Trade and Administration Commission (ITAC) presented its annual report for 2014/15, and said the number of applications for domestic protection had increased due to the poor economic conditions. It had had to defend itself in court more often, due to this increase in applications and rulings.
ITAC had ...
Economic Development
Economic Development Budget Review and Recommendations Report
27 Oct 2015
BRRR Archive: BRRR 2015-2010: Budgetary Review & Recommendations Reports
The BRRR was approved and adopted after going through each page. The only minor changes were changing the wording on page 23 and adding the Corporate Social Investment (CSI) clause under observations in the report. This was important as many companies ...