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Articles in category: Public Sector
Government has proposed a new framework for funding state-owned companies, which will include closer monitoring of such entities.
In the Medium Term Budget Policy Statement (MTBPS) tabled in Parliament on Wednesday, National Treasury has said that state-owned companies and public entities play important roles in realising government’s economic and social mandate.
These entities need to be financially sound and operationally effective, contributing to development without draining the fiscus.
“Government is proposing a new framework for funding state-owned companies that will distinguish purely commercial activities from the costs of exercising their developmental mandate,” said National Treasury in the MTBPS.
Starting tomorrow a group of government officials and experts belonging to the world’s leading anti-money laundering organisation – the Financial Action Task Force (FATF) – will be meeting in Paris. On the agenda is the adoption of a document on an issue that has major implications for the fight against crime, corruption and tax evasion around the world.
It’s a shame nobody outside of this small circle of experts from governments and international organisations has had a chance to see the document before it comes out.
According to the FATF website, at its upcoming plenary meeting the organisation will adopt ...(Read Full Article)
The South African economy is stuck in first gear. Slow economic growth, high levels of unemployment and high inflation is likely to continue for some time.
With South Africa facing such difficult economic circumstances, it is expected that in his Medium Term Budget Policy Statement on Wednesday, the Minister of Finance, Nhlanhla Nene, is going to face significantly reduced revenue in his budget. There is therefore every possibility of cuts to the budget, or a dramatically increased budget deficit.
We would never have been in our current fiscal situation if government was able to curb wasteful expenditure. The SIU estimates ...(Read Full Article)
Opposition political parties believe the government must provide financial assistance to the South African Post Office (Sapo), a sharp departure from their usual stance that there should be no further bail-outs for state-owned companies.Both the Democratic Alliance (DA) and the Freedom Front Plus (FF+) say that the withdrawal of the government subsidy for Sapo for it to fulfil its universal service obligations — particularly in unprofitable rural areas — has contributed to its financial malaise. But they stressed that mismanagement and corruption have also played a part and had to be dealt with(Read Full Article)
ROSATOM, the state-owned Russian nuclear company, spent on Thursday afternoon trying to disown its earlier claim of having been awarded a contract to build SA’s proposed fleet of power stations.
The company blamed a poor translation for its late September statement in which, quoting South African government officials, it said it had been granted the right to build a fleet of nuclear power stations for SA.
The news that Russia would build nuclear power stations came as a surprise as no announcement had been made by the government that it had begun any tender process to procure the 9 ...(Read Full Article)
Entrepreneur forced to sell up and move in with his grandmother in Soweto because government failed to pay him on time.
Although the government is big on promoting small businesses and creating jobs, it kills small businesses and loses jobs because of slack paying.(Read Full Article)
UK government to introduce common principles for infrastructure procurement to promote best practice
The UK government is introducing new infrastructure procurement principles, for projects such as the Thames Tideway Tunnel, to address industry concerns about inconsistency.(Read Full Article)
A review has uncovered R34.9 billion (£1.9 billion) of “irregular expenditure” around public works in South Africa.
Issues that have been uncovered by the review included tenders not being advertised properly, a minimum number of quotations not received, emergency procurement used for non-emergency situations, lowest quotes not being selected, incomplete documentation and incorrect approvals.Issues that have been uncovered by the review included tenders not being advertised properly, a minimum number of quotations not received, emergency procurement used for non-emergency situations, lowest quotes not being selected, incomplete documentation and incorrect approvals. - See more at: http://www.supplymanagement.com ...(Read Full Article)
African governance standards are gradually improving but there are warning signs of backsliding.
The Ibrahim Index of African Governance ranked Somalia lowest, coming bottom in all four categories: safety and rule of law, participation and human rights, sustainable economic opportunity and human development.
Mo Ibrahim, the Sudanese telecoms tycoon who founded the index, welcomed the fact that 13 of the 52 countries had improved in overall governance as well as political, social and economic governance over the past five years.
"Africa is rising but it’s rising slowly," he said.(Read Full Article)
The fight to eliminate fraud and corruption at the Department of Public Works is continuing in earnest, as more than 100 cases involving more than R1.1 billion have either been finalised or are being investigated.
South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday.
The Russian atomic agency Rosatom issued a statement on Monday saying that it had signed a $10-billion deal with Pretoria for the installation of 9.6 GW of nuclear capacity by 2030, to help Africa's most advanced economy cope with chronic electricity shortages.(Read Full Article)
The Department of Trade and Industry (DTI) aims to improve the enforcement of localisation by having the Auditor General flag as “irregular expenditure” any flouting of buy-local procurement rules by government departments and State-owned companies.
Preferential Procurement Policy Framework Act regulations came into force on December 7, 2011, empowering the DTI to ‘designate’ the products that should be sourced locally.(Read Full Article)
Minister in the Presidency Jeff Radebe said on Monday that government had made “great” progress in countering corruption within State institutions, noting that President Jacob Zuma had, since 2009, signed 36 proclamations authorising the Special Investigating Unit (SIU) to probe departments and entities in the three spheres of government as well as State-owned enterprises.(Read Full Article)
Minister in the Presidency for Planning, Performance, Monitoring, Evaluation and Administration, Jeff Radebe, says government aims to achieve over 100 convictions against persons fingered for corruption in the public service.
SA’s small-business policy is like a mother feeding a baby with one hand and throttling it with the other. Small business is big business, if new Small Business Development Minister Lindiwe Zulu is taken seriously. But will her department be another costly farce? What small business needs is not rocket science. Nor is that which makes it almost impossible for her to succeed: all of her Cabinet colleagues and most departments and agencies contribute to a relentless tsunami of anti-small-business measures.
Meaningless promises of red-tape reduction have been made repeatedly by President Jacob Zuma and the worst-offending ministries: finance ...(Read Full Article)
Government is committed to protecting the country’s clothing and textile sector which has shown growth in recent years, says the Department of Trade and Industry (dti).
This as employment in the footwear and leather sector showed growth of 5% between 2012 and 2014.
“What we've actually seen is that this industry to a high degree has stabilised,” said Minister of Trade and Industry Rob Davies, adding that through the Competitiveness Improvement Programme R645 million was contributed the sector.
ESKOM, under newly appointed CEO Tshediso Matona — currently the director-general of the Department of Public Enterprises — will be more tightly controlled by the department in future.
Not only will Mr Matona want to improve on what he says was Eskom’s failure to account properly, but he will have to ensure that the utility complies with a proposed bill that the department is working on.
The Government Shareholder Management Bill, which the department hopes to submit to Parliament by the end of the fiscal year, will set the legislative framework in which all state-owned companies will have to function.(Read Full Article)
THE Cabinet decided on Wednesday to appoint Department of Public Enterprises director-general Tshediso Matona as the new CEO of Eskom.
Mr Matona will take up his new position from September 1. Eskom has been under the stewardship of acting CEO Collin Matjila since April.
In making the announcement, Public Enterprises Minister Lynne Brown said she had “absolute faith” in Mr Matona who brought with him a wealth of experience and was conversant with the challenges facing Eskom.(Read Full Article)
Public Service and Administration Minister Collins Chabane says the public sector must challenge itself to be creative and embrace innovation as a new way of doing government business more smartly.
Speaking at the Centre for Public Service Conference at the Westin Hotel in Cape Town, the Minister said this was because the public service needed to move to a space where crucial government deliverables such as education, health, provision of water and sanitation, among others, are done more effectively, efficiently and quicker.(Read Full Article)
South Africa Government is committed to supporting local manufacturers through a range of local procurement instruments, says the Department of Trade and Industry (dti).
France’s Areva won a contract to replace six steam generators at South Africa’s Koeberg nuclear power plant, state utility Eskom said on Saturday.
The refit is part of a programme to install up to 9,600 megawatts of new nuclear power by 2030, as Africa’s largest economy tries to overcome chronic electricity shortages and slow greenhouse gas emissions.
The vast majority of South Africa’s electricity is generated from coal and the government is struggling to ensure that supply stays a step ahead of growing demand.(Read Full Article)
TRANSNET has secured a R6bn funding guarantee from US export credit agency US-Exim for the funding of the diesel locomotives the company is buying from General Electric (GE).
The group CE of the state-owned ports, rail and pipeline company, Brian Molefe, said on Wednesday that the guarantee was "a massive thumbs-up from the international investor community, affirming Transnet’s credit-worthiness and South Africa’s attractiveness as an investment destination.
"The guarantee from US-Exim enables Transnet to raise funds in the markets for the financing of the GE locomotive transaction.(Read Full Article)
A CASE study on South Africa’s aluminium sector has found that BHP Billiton’s special pricing agreement for its Bayside and Hillside smelters in the Richards Bay industrial development zone has now cost Eskom R11.5bn.
The parastatal’s huge deficit has significant import for industrial policy development in South Africa as a function of cost-benefit analysis in respect of the relative benefits of "state-led" or "state-facilitated" economic growth.(Read Full Article)
Zambia’s minister of commerce, trade and industry Robert Sichinga has called on procurement professionals to work together to “fight the scourge of corruption and fraud”.(Read Full Article)