The Department of Public Enterprises spent 84.15% of its annual appropriation for the 2011/12 financial year, and the remaining R42.6 million is expected to be disbursed before 31 March 2012. For the 2012/13 financial year, the department has been allocated R1, 2 billion. A total amount of R1.05 billion of this budget is transfers meant for both Denel and Alexkor. Denel will receive R700 million while Alexkor has been allocated R350 million of this allocation.