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Economic Development
Committee minutes
27 Jun 2017
The Portfolio Committee considered and adopted eight sets of minutes. Members voiced concerns about one of the minutes pointing out grammatical and spelling mistakes, and inaccuracies. The Committee minutes 3 May 2017 was accordingly withdrawn.
Economic Development
Liquefied Petroleum Gas (LPG) Market Inquiry outcomes: deliberations
13 Jun 2017
The Committee considered the Liquefied Petroleum Gas Market Inquiry outcomes prepared by the Committee’s Researcher as a summary to recap on the findings and recommendations made by the Competition Commission on the report. The Researcher shared the findings and the recommendations as well as the role of Parliament through the ...
Economic Development
Committee Report on Economic Development Budget
23 May 2017
The Portfolio Committee on Economic Development met to consider and make amendments to the Report of the Portfolio Committee on Economic Development on Budget Vote 25 and the Annual Performance Plans of the Department of Economic Development. Members were mainly concerned about the language medium and jargon used in these ...
Economic Development
Committee Report on Economic Development Budget
18 May 2017
The Committee met to deliberate on its Report on the Department of Economic Development’s Budget Vote.
Members mostly fixed a number of grammatical errors in the Report and agreed to remove paragraph 4.3 in the interim and interrogate it later.
The Committee decided to meet after the sitting on Tuesday, ...
Economic Development
Economic Development Department & Industrial Development Corporation on their Annual Performance Plans, with Minister & Deputy
9 May 2017
The Industrial Development Corporation (IDC) presented its Corporate Plan and shared some deep concerns about the current economic conditions as influenced by the credit rating downgrade and how the junk status will affect the Corporation’s ability to disburse funding to its clients. In light of the current economic conditions, the ...
Economic Development
Competition Commission, Competition Tribunal & ITAC Annual Performance Plan
3 May 2017
The Competition Commission presented its Annual Performance Plan 2017/18, inclusive of 35 targets within its nine programmes and a budget allocation of R340.525 million. Human resource capacity was to increase with the recruitment of 100 more people. Seven sectors were enlisted as Priority Sectors, of which the Commission noted the ...
Economic Development
Economic Development Department on its Third Quarter Performance, with Minister & Deputy in attendance
28 Feb 2017
The Minister reported an unemployment rate of 26.7%, this is 0.6 percentage points lower than the 27.1% of Quarter 2, 2016. The labour force increased by 143 000. 235 000 jobs were created in Q3:127 000 were formal non-agriculture jobs, 53 000 informal non-agriculture, 38 000 in agriculture and 17 ...
Economic Development
Banks forex collusion; auto sector 'after market': Competition Commission briefing
21 Feb 2017
The Competition Commissioner gave a briefing on the exchange rate/currency trade collusion investigation. The investigation emanated from information that was already in the public domain as well as investigations that were ongoing in Europe, UK and the US on the subject matter. The Commission received some information from various sources ...
Standing Committee on Appropriations
World Bank on its Report on the South African Economy
15 Feb 2017
The World Bank presented the ninth edition of the South African Economic Update, which focused on private investment for job creation. Four main points were made:
• The World Bank foresees only a modest and fragile economic recovery in South Africa for 2017/18 unless private investment accelerates.
• It suggests ...
Economic Development
Skills Development For A Growing Economy: DHET briefing
14 Feb 2017
The DHET briefed the Committee on its programmes for skills development in SA. The majority of funding disbursed is awarded to the 26 universities in the country, followed by the 50 Technical and Vocational Education and Training (TVET) colleges and 9 Community Education and Training (CET) colleges. The CET colleges ...