Public Enterprises
Denel on its 2013/14 Annual Report
29 Oct 2014
The Denel Group briefed the Committee on its Annual Report and Financial Statements for the 2013/14 Financial Year.
The Acting Chairperson of the Denel Group gave an opening speech to precede the presentation as this meeting was the first opportunity for Denel to meet with the Portfolio Committee on Public ...
Public Enterprises
Public Enterprises Budget Review and Recommendations Report
22 Oct 2014
The Committee considered its draft Budgetary Review and Recommendations Report (BRRR) as Section 77 (3) of the Constitution stipulated that an Act of Parliament must provide for a procedure to amend money bills before Parliament. The Report spoke to the mandate and methodology of the Committee, as well as listed ...
Public Enterprises
Department of Public Enterprises on its 2013/14 Annual Report
15 Oct 2014
The Portfolio Committee received a briefing from the Department of Public Enterprises (DPE or the Department) on its 2013/14 Annual Report. It was noted that the DPE was the government shareholder representative with oversight responsibility for eight State Owned Companies (SOCs): These were: Eskom, Denel, Safcol, Broadband Infraco, Alexkor, Transnet, ...
Public Enterprises
Audit outcomes of Department of Public Enterprises: AGSA briefing
14 Oct 2014
The Portfolio Committee on Public Enterprises met to receive presentations from the Auditor-General of South Africa (AGSA) on the outcome of the Department of Public Enterprises (DPE) for 2013/14. The AGSA focused on the financial statements of the departments and its entities in order to check whether there were any ...
Public Enterprises
Public Finance Management Act & Preferential Procurement Policy Framework Act: implications for State Owned Companies
17 Sep 2014
National Treasury said the objective of the Public Finance Management Act (PFMA) was to secure transparency and sound management of revenue, expenditure, assets and liabilities, by institutions. Key provisions of the Act for state owned companies were timely submission of corporate plans and budgets; auditing of financial statements by the ...
Public Enterprises
Transnet on its Annual Report and Financial Statements for 2013/14
10 Sep 2014
Transnet made its first presentation to the new Portfolio Committee on Public Enterprises. The meeting was also attended by the Chairperson of the Portfolio Committee on Transport and the CEO of the Passenger Rail Agency of SA (PRASA).
Transnet reported a 12.8% rise in revenue, amounting to R56.6 billion. Earnings ...