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Joint Standing Committee on Financial Management of Parliament
Auditor-General of South Africa 2015/16 Audit Report; Parliament’s 2015/16 Annual Report Analysis: Committee’s Researchers
12 Oct 2016
The Auditor-General of South Africa briefed the Committee about the audit findings of Parliament’s Annual Report for 2015/16, and reported that Parliament had been operating on a deficit of over R110 million, while its vacancy rate was standing at 19.6%, which translated to 336 vacant positions.
The financial statements submitted ...
Joint Standing Committee on Financial Management of Parliament
Committee Report on Parliament’s 2015/16 Annual Report; Engagement with a delegation from Assembly of Republic Mozambique’s Board of Administration
12 Oct 2016
During the period under review, the RSA Parliament spent R1.6 million on flowers and antiques, bought a new fleet of vehicles which it could not satisfactorily account for, and staff members owe the institution R19 million while retired executive members were given 48 business class plane tickets.
All these surfaced ...
Public Enterprises
Department of Public Enterprises and State-Owned Companies audits: Auditor-General briefing
11 Oct 2016
The Committee was briefed by the Office of the Auditor-General South Africa on the audit outcomes of the Department of Public Enterprises for the 2015/16 financial year.
Before proceedings were underway the Committee raised concern over the strength of the delegation as it was large in spite of the cost ...
Joint Standing Committee on Financial Management of Parliament
Mandate, Function and Powers of Committee: briefing; Committee Programme
23 Sep 2016
The Committee expressed concern at the absence of the Secretary to Parliament, as an accounting officer, from the meeting to discuss its mandate, functions and powers. This would prevent them from seeking guidance and clarification on the issues involved. Several Members called for the meeting to be postponed, but after ...
Public Enterprises
Denel Asia: Denel Board, National Treasury & Department of Public Enterprises briefing
7 Sep 2016
The presentation by Denel on the circumstances surrounding the establishment of Denel Asia in a joint venture with VR Laser was delayed by a stormy debate triggered by the absence of three major role-players in the controversial deal. Opposition Members said the fact that the Ministers of Finance and Public ...
Public Enterprises
Eskom on its 2015/16 Annual Report and pressing matters
31 Aug 2016
Eskom’s earnings for the year were R32 billion – an increase of 37.4% from the previous year. The entity had cost savings of R17.5 billion from the implemented cost-cutting measures and this was achieved against the target of R13.4 billion. Eskom received a R23 billion equity injection from government and ...
Public Enterprises
Denel board on VR Laser Asia and suspension of its executives
11 May 2016
The meeting provided the Denel Board the opportunity to clarify certain matters that had been the subject of media speculation about the formation of Denel Asia and its joint venture partners. The suspensions of the former Chief Executive Officer, the Chief Financial Officer and the Company Secretary were discussed. The ...
Joint Standing Committee on Financial Management of Parliament
Election of Co-Chairpersons
5 May 2016
The Chairpersons for both the National Assembly (NA) and National Council of Provinces (NCOP) component of the new Joint Standing Committee on Financial Management of Parliament were elected.
NCOP Land Reform, Environment, Mineral Resources and Energy
Department of Mineral Resources on its 2016 Annual Performance Plan
3 May 2016
The Committee met to be briefed by the Department of Mineral Resources (DMR) on its revised five-year strategic plan, and heard that the depressed global economic environment had created challenges in terms of commodity prices and jobs security, as well as investment. Since the introduction of the Mineral and Petroleum ...
Public Enterprises
Alexkor on its 2014/15 Annual Report; Committee Report on Public Enterprise Strategic Plan & Budget
20 Apr 2016
The Committee met to be briefed by Alexkor on its annual report and financial statements for the year ended 31 March 2015, and to consider its report on the Department of Public Enterprises’ strategic plan and budget.
Alexkor reported that it had done quite well in the year under review, ...