Ola Busari. Acting CEO, TCTA. 18 April 2018
|
|
- Valentine James
- 5 years ago
- Views:
Transcription
1 Ola Busari Acting CEO, TCTA 1 18 April 2018
2 Strategic Overview Pre-determined Objectives Current TCTA Directives Balanced Scorecard Budget Funding Program Discussion & Clarifications 2
3 3
4 Vision To be the Leader in the Sustainable Supply of Water in the Southern Africa Region Mission To facilitate water security through the planning, financing and implementation of bulk raw water infrastructure, in the most cost-effective manner that benefits water users 4
5 Who is TCTA? What do we do? 5 State-owned Water Infrastructure Entity (SPV) Established in 1986 to fund and implement RSA portion of LHWP Mandate expanded to undertake liability management on LHWP Now a multi-project entity, to fund & implement bulk raw water infrastructure Reports to Minister of Water & Sanitation Shareholder s Compact: agreement with Minister on the expected performance targets Quarterly Reports to the Minister from Board Project structuring Project funding Project implementation Liability management Tariff setting Advisory services Knowledge management
6 Deliver to Ministerial directives relating to the planning, financing & implementation of bulk raw water infrastructure, to meet specifications & within agreed timelines & budget. Operate the business & its projects & processes in a costeffective manner, conscious of the imperatives of public finance management. Ensure that all project activities facilitate social transformation & build sustainable communities by providing jobs & empowering women, youth & the disabled. Ensure the continuous availability of high-calibre human capital for delivering on organisational mission into the future. Build the knowledge & capability of the organization to support other water institutions, in pursuit of greater efficiencies in overall water management & water services delivery. 6
7 Outcome Government outcomes 4 Decent employment through inclusive economic growth. TCTA contribution Providing cost-effective water infrastructure as an enabler of economic growth & jobs. 5 Skilled and capable workforce. Developing a strong skills-set in scarce fields to enable SA compete in world markets, & promoting entrepreneurship in small businesses. 6 Efficient, competitive and responsive economic infrastructure network. Ensuring a comprehensive financial and implementation package that delivers the most cost-effective solution. 7 7 Vibrant, equitable and sustainable rural communities with food security for all. Supporting other water sector institutions to enable them to deliver on their mandate.
8 Outcome Government outcomes 8 Sustainable human settlements and improved quality of household life. TCTA contribution Providing affordable infrastructure & improved access to basic services. 9 A responsive, accountable, effective and efficient local government system. Supporting other water sector institutions to enable them to deliver on their mandate. 10 Environmental assets and natural resources that are well protected and continually enhanced. Developing infrastructure in an environmentally responsible & socially inclusive manner, in accordance with global best practice An efficient, effective and development-orientated public. Contributing to the development of critical knowledge in the sector & beyond (eg. Project financing & implementation, desalination, water re-use).
9 Procurement policy reform, for goods & services, as well as for infrastructure development. Provision of economic opportunities to previously disadvantaged individuals, through preferential procurement. Development of black businesses through enterprise development, with emphasis on women, youth and people with disabilities. Job creation and employment of local citizens. Skills development. Provision of bursaries to deserving students from previously disadvantaged backgrounds. Poverty alleviation. 9
10 10
11 Manage the implementation of projects to meet defined objectives Operate and maintain AMD Plants in accordance with requirements Structure project funding and secure institutional arrangements Raise funding for implementation of infrastructure projects Manage debt within the approved borrowing limit and ensure debt is repaid Ensure financial sustainability of the organisation 11
12 12
13 LHWP-1 BWP VRESAP KWSAP MMTS2 MCWAP 1 AMD-STI Revenue Recourse User tariffs User tariffs User tariffs User tariffs User tariffs User tariffs & fiscus (25%) User tariffs & fiscus (66%) Mandate Activities Fund Risk mngmnt O&M of assets Implement Fund Risk mngmnt Implement Fund Risk mngmnt Implement Fund Risk mngmnt Implement Fund Risk mngmnt Implement Fund Risk mngmnt Fund Risk mngmnt O&M Peak of debt +- R 20 billion +- R 1,4 billion +- R 3,3 billion +- R 2 billion +- R 2 billion +- R 13,2 billion +- R 1,1 billion Construction Commenced, Completed Repayment of debt
14 Projects Under Construction Operations & Maintenance ORWRDP-2C Kriel LHWP-2 AMD LHWP Revenue Recourse Fiscus Funded Fiscus Funded User tariffs User tariffs & fiscus (66%) User tariffs Mandate Activities Implement Fund Risk mngmnt Implement Fund Risk mngmnt Fund Risk mngmnt O&M of assets O&M of assets O&M of assets Peak of debt/cost Cost +- R 2,5 bn Cost +- R 0,056 bn +- R 23 bn +- R 0,41 bn pa +- R 0,25 bn pa Construction Commenced, Complete ongoing 2001 ongoing Repayment of debt N/A N/A 2045 N/A N/A 14
15 ORWRDP-2B MCWAP-2 AMD-LTS BRVAS MWP Revenue Recourse User tariffs & fiscus User tariffs & fiscus User tariffs & fiscus Iffs (67%) User tariffs Fiscus funded Mandate Activities Implement Fund Risk mngmnt Implement Fund Risk mngmnt Implement Fund Risk mngmnt Implement Fund Risk mngmnt Implement Fund Risk mngmnt Peak of debt/cost + R 7,2 bn +- R 13,3 bn Cost +- R11 bn Debt +- R 4,4 bn +- R 0,8 bn +- R 28,9 bn (cost) Construction to Commence, To Complete Repayment of debt N/A 15
16 16
17 Objectives Measures Targets 1. Ensure financial sustainability of the organisation Cost-effective financial management in corporate operations Actual spend on operational costs is between % of budgeted operational costs The sustainability reserve fund is increased to between R80 and R84 million, created from operational budget savings Sufficient liquidity available to act as a buffer for non-payment by DWS At least R500 million liquidity buffer (on tariff receivable) available as a reserve, to be converted into cash over remaining term of debt Sufficient unutilised borrowing facilities to cover 1-30 days delay in payment 17
18 Objectives Measures Targets 1. Ensure financial sustainability of the organisation Sufficient revenue collected to meet obligations 90% of revenue billed and due is collected Capital expenditure, excluding LHWP-2 (Adjustments may be made in consultation with the Board) Between 90 and 100% of planned expenditure: R725 million by March Reconfiguration of Business Model Model approved by Board in July 2018
19 Objectives Measures Targets 2. Manage the implementation of projects to meet defined objectives Achievement of critical project milestone dates MCWAP-2A: Tender design and documentation complete by March 2019 AMD-LTS: Final conceptual design and optimisation of the scheme complete by October 2018 BRVAS: Engineering Professional Service Provider (evaluation and supervision only) appointed by October
20 Objectives Measures Targets 2. Manage the implementation of projects to meet defined objectives Achievement of critical project milestone dates BRVAS: Tender document for Design & Build Contractor issued by October 2018 MWP: Finalise handover of project from DWS and initiate project preparatory activities ALL PROJECTS: Projected completion within approved project contingency provision 20
21 Objectives Measures Targets 3. Operate and maintain AMD Plants in accordance with requirements Maintaining or reducing water levels within the mine voids Average volume of water treated in the Western Basin of between Ml/d Water level in the Central Basin is lowered to between m below ECL by March Quality of treated water from the Western Basin, Central and Eastern Basins treatment plants Board approved strategy for the O&M of AMD STI Quality of treated water from plants meets 90-94% of DWS specifications Strategy approved by June 2018
22 Objectives Measures Targets 4. Structure project funding and secure institutional arrangements Project funding structured BRVAS: Borrowing limit covering an indicative R43.5 million borrowings in 2018/19, approved by Minister of Water & Sanitation, with concurrence of the Minister of Finance by June 2018 Institutional arrangements secured BRVAS: Water Supply Agreements signed in April 2018 BRVAS: Implementation Agreement with DWS signed in April 2018 MWP: Formalise negotiation of institutional arrangements with key stakeholders (Terms of Reference ready for signing in Sep 2018) AMD-LTS: Agreements submitted to the parties (DWS and each off-taker) for signing by Aug 2018 AMD-LTS: Income Agreement signed by June
23 Objectives Measures Targets 5. Raise funding for implementation of infrastructure projects Arrangement of funding facilities VRS: R4 billion loan facilities available by Jul-Aug 2018 MCWAP: Funding facilities available by March 2019 to cover R1,250 million funding requirements for 2019/20 BRVAS: Global Bridging Facility and/or Budget from DWS available from June 2018 to cover initial funding requirements for 2018/19 BRVAS: Long-term funding available from Jan 2019 to cover the balance of the R225 million funding requirements for 2018/19 & 2019/20 23
24 Objectives Measures Targets 6. Manage debt within the approved borrowing limit and ensure debt is repaid Debt managed within approved borrowing limits Debt managed within borrowing limits & all payment obligations are met: o o o o VRS, R42,500 million (including redemption of R9.2 billion WS05) BWP, R715 million VRESAP, R4,039 million KWSAP, R1,408 million o MMTS-2, R1,860 o MCWAP, R4,400 million All projects, except VRS, include a 10% contingency 24
25 Objectives Measures Targets 7. Proactively engage DWS to ensure effective execution of shareholder strategy / mandate Resolution of critical project matters identified during the year 70-79% resolution of critical project matters by March Ensure organisational positioning for the planned Water Infrastructure Agency Prompt articulation of strategic inputs for optimal positioning Due Diligence Report submitted to Board in July
26 Objectives Measures Targets 9. Coordinate and monitor the efficient implementation of the projects within SIP-3 and SIP-18 Satisfactory feedback from key partners on the effectiveness of coordination. Average effectiveness rating of 3 out of a maximum Facilitate socioeconomic development and transformation through TCTA projects 26 Achievement of transformation objectives, in terms of black-owned entity participation in contracts awarded (TCTA policy requirement is 30%) Contractors: Achievement of 30-35% participation Professional Service Providers: Achievement of 45-50% participation
27 Objectives Measures Targets 11. Enhance the internal control environment with respect to internal business processes Adequacy of internal control environment Unqualified audit opinion No irregular, fruitless & wasteful expenditure, which is material in terms of the Significance and Materiality Framework (Material expenditure incurred while meeting business needs is condoned) Management of risk to acceptable levels 7 of 10 strategic risks satisfactorily addressed Appropriate ICT governance framework ICT governance charter and framework approved by September No repeat of high-rated ICT external audit findings
28 Objectives Measures Targets 12. Position TCTA as a thought leader in critical aspects of water security Contribution of papers to reputable technical publications and conferences, as well as proposals to clients. Four business relevant papers written and submitted Four papers published, from previous and current year submissions 28
29 Objectives Measures Targets 13. Improve human resource efficiency and effectiveness Conclusion of an independent human resource efficiency and effective study Report and Implementation Plan approved by Board in October 2018 Effectiveness of training on human resource efficiency Average effectiveness score of 3 out of Develop a Succession Planning Policy Approval of Succession Planning Policy and Implementation Plan Approval by Board of Succession Planning Policy by July Ensure organisational culture is in support of business strategy 29 Improvement in organisational climate 70-80% progress against organisational climate improvement plan
30 30
31 Partnering with key stakeholders to address current issues of water security Establishment of intergovernmental partnerships and strengthening of relationships with DWS Optimisation of resources in an enhanced work environment Business process improvements Exploring new project pipeline Enhancement of the TCTA brand 31 Ensuring mechanisms for enhanced financial sustainability
32 Actual/ Forecast 2017/18 Budget 2017/18 Budget 2018/19 Tariff Receivable (Incl. O&M Tariff) R million R million R million (5 677,30) (5 591,95) (6 628,86) Expenditure and O & M 2 184, , ,41 Operating Inflows/ Outflows Finance Charges Incl. AG8) (3 493,28) (3 483,70) (3 867,45) 3 963,01 (6 809,58) 5 802,81 (Surplus)/ Deficit 469,73 (10 293,29) 1 935,36* Capital Repayments 2 710, , ,56 Fixed Assets 8,50 10,28 1,96 Capital Expenditure 600, , ,41 32 Non cash flow items and accruals Total Funding Requirement (1 518,94) 9 013,20 (3 111,12) 2 269, , ,17 *R3bn AG8 adjustment (accounting entry) included in finance charges has resulted in this deficit.
33 33
34 The main fundraising activity for 2018/19 will be for the Vaal River System ( VRS ). The VRS short-term funding strategy mainly comprises the refinancing of the WS05 (projected at about R9,200 million) on 1 August About R6 billion will have to be raised to fund the redemption over and above the Projects cash flows and cash reserves. Funding plan involves the issuance of R2.7 billion in JSE listed bonds and R3.5 billion of Commercial Paper. 34
35 As back-up\support facilities for the Capital Markets Program, R8 billion in Term Loans and Revolving Credit Facilities will also be raised. The medium-term plan is for monthly issuances of between R600 million and R800 million in bonds to fund LHWP II and AMD capex, as well as the redemption of maturing bonds in An estimated R1 billion in loans will be raised to fund the BRVAS project in the Western Cape. TCTA will also be going out to the market to raise R1 billion for the Global Facility 35
36 Continued lack of appetite for SOE debt resulted in us aborting our first auction in February Main reason indicated for the lack of interest is on-going concern around governance in SOEs. Some investors indicated their reluctance to fund under the existing capital markets program documentation. The strain on TCTA s liquidity resulting from delayed payments from DWS was also indicated as a concern. Analysis of the reasons points to a strong possibility of future auctions encountering the same problem, unless the situation is addressed. 36
37 As a risk mitigation, TCTA is accelerating the process to raise R8 billion in loans from commercial banks and DFIs. TCTA is fast-tracking the process to finalise the new Domestic Multi-term Note ( DMTN ) Program to have it registered by June TCTA is actively engaging with institutional investors to find ways to improve investor protection under the new DMTN. On-going engagement with DWS & National Treasury on delayed payments, as well as measures to enhance liquidity. Planned roadshows to address the concerns of investors and funders. 37
38 38
Presentation of the TCTA Strategy for 2012 to 2013
Presentation of the TCTA Strategy for 2012 to 2013 Date: 8 May 2012 Time: 09:30 11 Agenda Overview Directives Expanded roles Budgets 2012/13 Financial transform Highlights empower Overview 33 Purpose of
More informationTCTA. Raw Water Resource Infrastructure Model
TCTA Raw Water Resource Infrastructure Model Portfolio Committee Workshop March 2010 1 Content of presentation 1. Who s TCTA and Its Contribution Towards Water Sector Strategic Goals 2. Project Implementation
More informationPresentation to Parliamentary Portfolio Committee 11/19/10 11
Presentation to Parliamentary Portfolio Committee Click 17 November to edit Master 2010subtitle style 11 Content of Presentation Overview Chairman of the Board: Dr. Snowy Khoza Highlights of Organizational
More informationLESOTHO HIGHLANDS WATER PROJECT PHASE II PROCUREMENT RULES FOR CONSTRUCTION CONTRACTS
LESOTHO HIGHLANDS WATER PROJECT PHASE II PROCUREMENT RULES FOR CONSTRUCTION CONTRACTS CONTENTS Legal Framework Funding Procurement Objectives and Principles Implementation Guidelines Concluding Remarks
More informationLesotho Highlands Water Project. Phase II Construction Contracts Procurement Rules (T TENTE DM Phase II) 29 th May 2017
Lesotho Highlands Water Project Phase II Construction Contracts Procurement Rules (T TENTE DM Phase II) 29 th May 2017 OUTLINE 1. LEGAL FRAMEWORK 2. FUNDING 3. PROCUREMENT OBJECTIVES AND PRINCIPLES 4.
More informationEmbracing Opportunities. Presentation to Portfolio Committee on Telecommunications & Postal Services QUARTER
Embracing Opportunities Presentation to Portfolio Committee on Telecommunications & Postal Services QUARTER 2 2017 BMC Ngcobo Chairperson of the Board Legislative Mandate of Broadband Infraco NDP A South
More informationTRANSFORMATION POLICY
SANRAL TRANSFORMATION POLICY DRAFT Policy Reference Number Version Number Effective Date Review Date Policy Owner Signature Policy Sponsor Signature Date of Approval FRAMEWORK 1. INTRODUCTION 2. POLICY
More informationLAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA BORROWING PROGRAMME
LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA BORROWING PROGRAMME FY2017 TO FY2019 1 APRIL 2016 TO 31 MARCH 2019 I. Introduction 2 II. Corporate, Capital Management and Funding strategy for FY2017
More informationAn EMPOWERDEX Guide. The Codes of Good Practice. Codes Definitions
An EMPOWERDEX Guide The Codes of Good Practice Codes Definitions ABET: Means Adult Basic Education and Training as determined by the National Qualifications Authority Accreditation Body: Means the South
More informationPRESENTATION TO THE SELECT COMMITTEE ON PUBLIC SERVICES DPW STRATEGIC PLAN AND BUDGET FOR 2012/13 15 MAY 2012
PRESENTATION TO THE SELECT COMMITTEE ON PUBLIC SERVICES DPW STRATEGIC PLAN AND BUDGET FOR 2012/13 15 MAY 2012 TABLE OF CONTENTS MINISTER S FOREWORD PART A: STRATEGIC OVERVIEW INTRODUCTION AND STRATEGIC
More informationSasol Limited BEE Transaction Media Briefing
Sasol Limited BEE Transaction Media Briefing 25 March 2008 forward-looking statements We may in this document make statements that are not historical facts and relate to analyses and other information
More informationBROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION 18 December 2018
KHULA SIZWE BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION 18 December 2018 The Circular published on 18 December 2018 is the main source of detailed information on the proposed B-BBEE transaction,
More informationTerms of Reference Development of the City of Tshwane Sustainability Financing Mechanism Strategy
Terms of Reference Development of the City of Tshwane Sustainability Financing Mechanism Strategy 1. ABOUT THE SACN The South African Cities Network (SACN) as established in 2002, is a network of the nine
More informationPortfolio Committee on Trade and Industry. Parliament, Cape Town 21 October 2016
Portfolio Committee on Trade and Industry Parliament, Cape Town 21 October 2016 Delegation Zodwa Ntuli, Acting Commissioner Nontokozo Nokhwali-Mboyi, Operations Siphamandla Kumkani, Investigations & Enforcement
More informationSUB-NATIONAL GREEN BONDS
SUB-NATIONAL GREEN BONDS Innovation finance for Sustainability 14 June 2018 How much? Western Cape Infrastructure Investment Framework (2013) estimates R600 billion will be required for infrastructure
More informationHousing Operations. Housing Division Re-Organization. Rent Supplement Deficit 2016 Audit Results 2018 Operating Budget(s) Next Steps
Housing Operations Housing Operations Housing Division Re-Organization Robert Lee s retirement Rent Supplement Deficit 2016 Audit Results 2018 Operating Budget(s) Next Steps Housing Division Re-Org Principles
More informationCODES OF GOOD PRACTICE FOR THE SOUTH AFRICAN MINERALS INDUSTRY
(15 June 2017 to date) MINERAL AND PETROLEUM RESOURCES DEVELOPMENT ACT 28 OF 2002 (Gazette No. 23922, Notice No. 1273 dated 10 October 2002. Commencement date: 1 May 2004 [Proc. No. R25, Gazette No. 26264])
More informationSTRATEGIC PLAN AND BUDGET 2013 TO 2016 MUNICIPAL DEMARCATION BOARD
STRATEGIC PLAN AND BUDGET 2013 TO 2016 MUNICIPAL DEMARCATION BOARD BRIEFING TO THE PORTFOLIO COMMITTEE ON COOPERATIVE GOVERNANCE AND TRADITIONAL AFFAIRS 19 MARCH 2013 DELEGATION Mr LJ Mahlangu Chairperson:
More informationBUILDING SUSTAINABLE FUNDING PARTNERSHIPS towards an all inclusive housing funding model for South Africa
BUILDING SUSTAINABLE FUNDING PARTNERSHIPS towards an all inclusive housing funding model for South Africa Presented by Kutoane Kutoane CEO Gauteng Partnership Fund Date: 17 th September 2012 BACKGROUND
More informationEskom group annual results for the year ended 31 March 2018
Eskom group annual results for the year ended 31 March 2018 23 July 2018 This presentation is available at www.eskom.co.za/ir2018 Contents From business as usual to transition towards sustainability Key
More informationInvestor Presentation. Cover slide (same as IR cover)
Investor Presentation Cover slide (same as IR cover) Contents Eskom at a glance Financial review Operational review Design-to-Cost RCA High Court Decision Funding overview Progress on the new build programme
More informationPortfolio Committee on Safety and Security
Portfolio Committee on Safety and Security Jonas Bogoshi Chief: Strategic Services Mfanyana Salanje Chief Financial Officer 4 May 2007 S t a t e I n f o r m a t i o n T e c h n o l o g y A g e n c y Agenda
More informationCLIMATE FINANCE OPPORTUNITIES FOR ENHANCED LOCAL ACTION
CLIMATE FINANCE OPPORTUNITIES FOR ENHANCED LOCAL ACTION V-LED AFRICA WORKSHOP: LOCALISING CLIMATE FINANCE AND ACTION 23-25 APRIL 2018, IRENE, SOUTH AFRICA 1 CC expenditure will absorb ~ 70% of domestic
More informationBPDM Cooperative Summit
BPDM Cooperative Summit Introduction and Background sefa was established on 1 st April 2012 Merger of South African Micro Apex Fund (samaf), Khula Enterprise Finance Limited and the small business activities
More informationCouncil for Geoscience Annual Parliamentary Report for 2010/11
Council for Geoscience Annual Parliamentary Report for 2010/11 Structure Corporate Performance Historic Performance Balanced Scorecard Audited financial statements & multi year budgets Geoscience mapping
More informationMEMORANDUM OF UNDERSTANDING ON THE IMPLEMENTATION OF THE NORWEGIAN FINANCIAL MECHANISM between THE KINGDOM OF NORWAY,
MEMORANDUM OF UNDERSTANDING ON THE IMPLEMENTATION OF THE NORWEGIAN FINANCIAL MECHANISM 2014-2021 between THE KINGDOM OF NORWAY, hereinafter referred to as Norway and THE REPUBLIC OF, hereinafter referred
More informationResults presentation. Highlights. For the year-ended 31 March A distinctive specialist banking group
Results presentation For the year-ended 31 March 26 A distinctive specialist banking group Highlights Constant pursuit of a sustainable, distinctive growth strategy Strong results 25 Investec plc relative
More informationPresentation to the Portfolio Committee on Communications on NEMISA s Annual Report for 2011/2012
Presentation to the Portfolio Committee on Communications on NEMISA s Annual Report for 2011/2012 1. Mandate NPC established to address equity of access to broadcasting industry Mandate of the DoC To create
More informationADDRESS BY MINISTER OF MINERAL RESOURCES, MOSEBENZI ZWANE (MP) AT THE BLACK BUSINESS COUNCIL (BBC) BUSINESS BREAKFAST, 18 TH AUGUST 2017
ADDRESS BY MINISTER OF MINERAL RESOURCES, MOSEBENZI ZWANE (MP) AT THE BLACK BUSINESS COUNCIL (BBC) BUSINESS BREAKFAST, 18 TH AUGUST 2017 President of the Black Business Council, Dr Danisa Baloyi All the
More informationBROAD BASED BLACK ECONOMIC EMPOWERMENT ACT SECTION 9 (1) CODES OF GOOD PRACTICE AS AMENDED SCHEDULE 2
STAATSKOERANT, 1 DESEMBER 2017 No. 41287 323 BROAD BASED BLACK ECONOMIC EMPOWERMENT ACT SECTION 9 (1) CODES OF GOOD PRACTICE AS AMENDED SCHEDULE 2 INTERPRETATION AND DEFINITIONS Part 1: Interpretation
More informationClick to edit Master title style. The Real Consequences of Weak Governance: What we ve all learned. Click to edit Master subtitle style.
Click to edit Master title style The Real Consequences of Weak Governance: What we ve all learned Andrew Canter Governance Click to edit Matters! Master title Turning stylethe ship? RSA Click Gross to
More informationNSFAS STRATEGIC PLAN & APP. PRESENTATION TO THE PORTFOLIO COMMITTEE ON HIGHER EDUCATION AND TRAINING 18 April 2018
NSFAS STRATEGIC PLAN & APP PRESENTATION TO THE PORTFOLIO COMMITTEE ON HIGHER EDUCATION AND TRAINING 18 April 2018 Presentation Outline 1 Mandate 2 Vision and Mission 3 Situational Analysis 4 Strategic
More informationAGSA Strategic plan and budget SCoAG engagement 17 November 2017
AGSA Strategic plan and budget 2018-2021 SCoAG engagement 17 November 2017 Reputation promise The Auditor-General of South Africa has a constitutional mandate and, as the Supreme Audit Institution (SAI)
More informationNATIONAL TREASURY STRATEGIC PLAN 2013/17 PRESENTATION TO PARLIAMENTARY FINANCE COMMITTEES
NATIONAL TREASURY STRATEGIC PLAN 2013/17 PRESENTATION TO PARLIAMENTARY FINANCE COMMITTEES 14 May 2013 TREASURY AIMS AND OBJECTIVES Chapter 13 of the Constitution of the Republic of South Africa. According
More informationSouth African Forestry Company Limited Annual Report 2009
South African Forestry Company Limited Annual Report 2009 Presentation to the Portfolio Committee on Public Enterprises 20 October 2009 growth through partnership 01 Team Introduction growth through partnership
More informationTransnet National Ports Authority Tariff Methodology: Position Paper Ports Regulator: Road Shows March delivering freight reliably
Transnet National Ports Authority Tariff Methodology: Position Paper Ports Regulator: Road Shows March 2013 delivering freight reliably Vision for South African Ports A system of ports, seamlessly integrated
More informationPORTAGE COUNTY FUND STRUCTURE
PORTAGE COUNTY FUND STRUCTURE Governmental Funds Proprietary Funds General Fund Debt Service Capital Projects Special Revenue Funds (Major) Special Revenue Funds (Non Major) Enterprise Funds Internal Service
More informationContents. Official Sign-off 4. Foreword 5. CEO s Overview 6. Part A: Strategic overview Vision Mission 7. 3.
Contents Official Sign-off 4 Foreword 5 CEO s Overview 6 Part A: Strategic overview 7 1. Vision 7 2. Mission 7 3. Core Values 7 4. The NHC Business Model and Framework 7 5. NHC Product and Service Offering
More informationThe South African Consulting Engineering Industry
The South African Consulting Engineering Industry Presenting and interpretation of latest survey results Presented by Elsie Snyman CESA Infrastructure Indaba 2016 7 8 November 2016 Bi-annual Economic and
More informationIntroduction to EDD Annual Performance Plan
2014/15 Introduction to EDD Annual Performance Plan June 2014 1 The EDD mandate EDD established in 2009 Core mandates: Identify priorities for job creation, inclusive growth and industrialisation Support
More informationNedbank Group 2018 ESG INVESTOR BRIEFING. JSE November 2018
Nedbank Group 2018 ESG INVESTOR BRIEFING JSE November 2018 Agenda Nedbank s high-level ESG journey Delivering our purpose & delivering on the SDGs (Environment & Social) Through our businesses Through
More informationIntegrated Capital Planning Manual
0 Integrated Capital Planning Manual August 2017 0 Contents Introduction... 1 Annual Integrated Capital Planning Cycle... 3 Integrated Capital Plan Submission... 8 Business Case Guide and Template... 11
More informationMATRIX OF STRATEGIC VISION AND ACTIONS TO SUPPORT SUSTAINABLE CITIES
Urban mission and overall strategy objectives: To promote sustainable cities and towns that fulfill the promise of development for their inhabitants in particular, by improving the lives of the poor and
More informationSAFCOL s Annual Financial Statements and Report For the year ended 31 March 2011
SAFCOL s Annual Financial Statements and Report For the year ended 31 March 2011 Presented by Maureen Manyama-Matome Acting Chief Executive Officer 1 November 2011 Presentation GROWTH to the Portfolio
More informationStatement of Intent healthalliance (FPSC) Ltd. Incorporating the Statement of Performance Expectations
Statement of Intent healthalliance (FPSC) Ltd Incorporating the Statement of Performance Expectations 2016-2020 Contents About healthalliance (FPSC) Limited... 2 Our Environment & Focus... 3 Role... 4
More informationPRESENTATION TO PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS OCTOBER 2017 INTEGRATED ANNUAL REPORT 2017
PRESENTATION TO PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS OCTOBER 2017 INTEGRATED ANNUAL REPORT 2017 2 0 CONTENTS NHFC Overview Business Model Corporate Governance & Risk Management Business Performance
More informationNSFAS EO & BOARD NOTES. NOTES ON ANSWERS TO THE LETTERS FROM THE PORTFOLIO COMMITTEE ON HIGHER EDUCATION AND TRAINING 16August 2018
NSFAS EO & BOARD NOTES NOTES ON ANSWERS TO THE LETTERS FROM THE PORTFOLIO COMMITTEE ON HIGHER EDUCATION AND TRAINING 16August 2018 CEO Answers to PCHET Questions Board Answers to PCHET Questions 2 Q U
More informationLAND BANK INVESTOR ROADSHOW MAR
LAND BANK INVESTOR ROADSHOW MAR 2018 Key Contacts Land Bank TP Nchocho Chief Executive Officer +27 12 686 0591 TPNchocho@landbank.co.za Konehali Gugushe Chief Risk Officer +27 12 686 0941 KGugushe@landbank.co.za
More informationCHARTER FOR SUSTAINABLE AND BROAD-BASED ECONOMIC AND SOCIAL TRANSFORMATION IN THE NAMIBIAN MINING SECTOR ( THE NAMIBIAN MINING CHARTER ) 19
CHARTER FOR SUSTAINABLE AND BROAD-BASED ECONOMIC AND SOCIAL TRANSFORMATION IN THE NAMIBIAN MINING SECTOR 2014-2020 ( THE NAMIBIAN MINING CHARTER ) 19 September 2014 1 Introduction and Context With the
More informationNATIONAL DEVELOPMENT AGENCY PRESENTATION by Anthony Bouwer
NATIONAL DEVELOPMENT AGENCY PRESENTATION by Anthony Bouwer 04 1 WHO IS NDA? The National Development Agency is an organization, created by Government through an Act of Parliament- Act 108 of 1998. The
More informationRMB MORGAN STANLEY BIG FIVE CONFERENCE
1 RMB MORGAN STANLEY BIG FIVE CONFERENCE 26 27 SEPTEMBER 2017 Further supplementary information can be found in our PPC investor day presentation on our website: www.ppc.co.za KEY MESSAGES 2 Quality Leadership
More informationReproduced by Sabinet Online in terms of Government Printer s Copyright Authority No dated 02 February 1998 CONTENTS INHOUD GOVERNMENT NOTICE
2 No. 32167 GOVERNMENT GAZETTE, 29 APRIL 2009 No. CONTENTS INHOUD Page No. Gazette No. GOVERNMENT NOTICE Minerals and Energy, Department of Government Notice 446 Mineral and Petroleum Resources Development
More informationNational Development Banks: Improving domestic public resource mobilisation (focusing on South Africa s IDC)
National Development Banks: Improving domestic public resource mobilisation (focusing on South Africa s IDC) Jorge Maia Head: Research and Information Intergovernmental Group of Experts on Financing for
More informationNigeria Infrastructure Building Conference 2014
Nigeria Infrastructure Building Conference 2014 May 2011 Project Finance as a viable option for financing Infrastructure Projects P R E P A R E D B Y: Helen Brume Divisional Head, Power, Infrastructure
More informationUSAID-Funded Nepal Hydropower Development Project (NHDP)
USAID-Funded Nepal Hydropower Development Project (NHDP) Hydropower Financing: Traditional Project Finance, EPC and EPC-F Name of Facilitator: Sreeram Pethi Designation: Senior Financial Advisor Date:
More information2 nd Danube Financing Dialogue - Challenges and opportunities of financing SME investment projects in the Danube Region
2 nd Danube Financing Dialogue - Challenges and opportunities of financing SME investment projects in the Danube Region Klaus Michal, Senior Account Manager Kommunalkredit Austria AG 24.01.2012 INFRA BANKING
More informationCreating South Africa s leading financial services institution
Creating South Africa s leading financial services institution - Slide #1 - Johan van Zyl, CEO Sanlam Johan van Zyl, CEO Sanlam Unlocking value for shareholders - Slide #2 - Transaction based on Transaction
More informationMinister Jeff Radebe: Independent Power Producer Programmes. Senior officials from all stakeholders behind this outcome
Minister Jeff Radebe: Independent Power Producer Programmes 8 Mar 2018 Media Statement by Minister Jeff Radebe, Minister of Energy on the Independent Power Producer Programmes Director-General, Thabane
More informationIFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution
IFC Transaction Advisory Services Creating opportunity where it s needed most From Concept Design to Project Execution ECREEE Abidjan, March 2014 Introduction and agenda Introduction and agenda Introduction:
More informationINOX LEISURE LIMITED CORPORATE SOCIAL RESPONSIBILITY POLICY
INOX LEISURE LIMITED CORPORATE SOCIAL RESPONSIBILITY POLICY 1. SHORT TITLE AND APPLICABILITY 1.1 This policy, which encompasses the philosophy of Inox Leisure Limited ( Company ) for delineating its responsibility
More informationPORTFOLIO COMMITTEE ON TRADE AND INDUSTRY. Mr. Sithembele Mase. CHIEF EXECUTIVE OFFICER: samaf. CONTACT : (Marketing Manager)
PORTFOLIO COMMITTEE ON TRADE AND INDUSTRY Mr. Sithembele Mase CHIEF EXECUTIVE OFFICER: samaf CONTACT : 012 394 1805 (Marketing Manager) 012 394 1722 (PA Line) 012 394 1116 (Direct Line) 1 CONTENT 1. Rationale
More informationSolidar EU Training Academy. Valentina Caimi Policy and Advocacy Adviser. European Semester Social Investment Social innovation
Solidar EU Training Academy Valentina Caimi Policy and Advocacy Adviser European Semester Social Investment Social innovation Who we are The largest platform of European rights and value-based NGOs working
More informationSefa Corporate Plan 2014/ /19 Joint Portfolio Committee Meeting on Economic Development and Small Business Development
Sefa Corporate Plan 2014/15 2018/19 Joint Portfolio Committee Meeting on Economic Development and Small Business Development Thakhani Makhuvha Chief Executive Officer The Small Enterprise Finance Agency
More informationThe Presidency Department of Performance Monitoring and Evaluation
The Presidency Department of Performance Monitoring and Evaluation Briefing to the Standing Committee on Appropriations on the Strategic Plan and Annual Performance Plan for the 2012/13 financial year
More informationSA Post Office Quarter 1 Performance (30 June 2015)
SA Post Office Performance (30 June 2015) Agenda 1 OVERVIEW 2 FINANCIAL OVERVIEW 3 PROGRESS ON IMPLEMENTATION OF STP 4 PEFORMANCE INDICATORS 5 NEXT STEPS 2 Overview Postal services and Courier revenue
More information* In terms of revised accounting standards, the R91m discount arising on the issue of shares to
Annexure Interim Results Summary 1 R Year-end June Income Statement H1 27 Unaudited H2 26 Unaudited H1 26 Unaudited as restated Revenue 4 4 824 2 955 4 2 99 321 Operating margin % Operating profit 3,4%
More informationPreliminary Results Announcement
Preliminary Results Announcement JIM SUTCLIFFE Chief Executive Introduction 23 rd February Day s agenda UK 09:00 10:00 10:30 11:00 12:00 12:45 SA 11:00 12:00 12:30 13:00 14:00 14:45 OM analyst presentation
More informationPROPARCO MARKS 40 TH ANNIVERSARY BY ADOPTING A NEW STRATEGY FOR ACTION AND SCALING UP OBJECTIVE 2020
PROPARCO MARKS 40 TH ANNIVERSARY BY ADOPTING A NEW STRATEGY FOR ACTION AND SCALING UP OBJECTIVE 2020 Double annual commitments to EUR 2bn in order to increase the private sector s contribution to development.
More informationPART E: FINANCIAL INFORMATION
PART E: FINANCIAL INFORMATION This part of the report provides insight into the financial wellness of the organisation. It covers the following aspects: The statement of responsibility for the Annual Financial
More informationAnnual Results. 12 months ended 28 February Agenda
Annual Results 28 ruary 2015 Bridging y expectations Agenda 2015 2014 2 1 12 month overview Phase 1 of turnaround strategy successfully implemented Closed-out problem contracts Closed non-performing Power
More informationEDD Annual Performance Plan
2013/14 EDD Annual Performance Plan 13 March 2013 Economic Development Department 1 2 1 Table of Contents FOREWORD PART A: STRATEGIC OVERVIEW 1. Updated Situational Analysis Performance Environment Organisational
More informationCITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY GROUP RISK AND ASSURANCE SERVICES GROUP RISK MANAGEMENT POLICY
CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY Effective Date 1 July 2015 TABLE OF CONTENTS 1. POLICY STATEMENT... 3 2. POLICY CONTEXT... 4 3. PURPOSE... 5 4. POLICY SCOPE AND APPLICATION... 6 5. RISK
More informationDepartment of Energy and Water Supply
Queensland 2016-17 Service Delivery Statements Department of Energy and Water Supply 2016-17 Queensland Papers 1. Speech 2. Strategy and Outlook 3. Capital Statement 4. Measures 5. Service Delivery Statements
More informationScotland Excel Annual Financial Statements 2015/16
Annual Financial Statements 2015/16 CONTENTS Management Commentary 3 Statement of Responsibilities for the Annual Accounts 8 Governance Statement 9 Remuneration Report 12 Independent Auditor s Report 15
More informationFor personal use only
G8 Education Year End Overview 2013 G8 Education Limited (ASX:GEM) 17 February 2014 Corporate Snapshot Capital Structure Directors & Senior Management Fully Paid Ordinary Shares (current) 301.7 million
More informationStrategic Corporate Plan
Strategic Corporate Plan 2012-2017 Dr. Jeffrey Mahachi Acting chief Executive Officer Jeffreym@nhbrc.org.za Click to edit Master subtitle style 13 March 2012 Vision A world class home builders warranty
More information12 month overview. Operational Overview. Financial Results. Conclusion
Annual Results 12 months ended 29 ruary 2016 Agenda 12 month overview Operational Overview Financial Results Conclusion 2 1 12 month overview Reasonable financial performance in current market All Business
More informationMarch Implementation of Broad Based Black Economic Empowerment (B-BBEE) Challenges faced by organs of state
March 2018 Implementation of Broad Based Black Economic Empowerment (B-BBEE) Challenges faced by organs of state Reputation promise of AGSA The Auditor-General of South Africa has a constitutional mandate
More informationFor personal use only
G8 Education 2015 Results Presentation G8 Education Limited (ASX:GEM) 22 February 2016 Corporate Snapshot Key Financial Highlights CY15 Capital Structure Underlying EBIT $145.4m Fully Paid Ordinary Shares
More informationINDEPENDENT TRUST FINANCING FACILITY APPLICATION
INDEPENDENT TRUST FINANCING FACILITY APPLICATION Name of Trust: University Hospital of South Manchester NHS Foundation Trust Loans Proposed 1) 25,000,000 2) 30,000,000 Date of application: 17th January
More informationCouncil of the European Union Brussels, 23 September 2015 (OR. en)
Council of the European Union Brussels, 23 September 2015 (OR. en) 12079/15 SOC 520 EMPL 341 ECOFIN 722 POLG 139 NOTE From: To: Subject: The Social Protection Committee Permanent Representatives Committee
More informationFinancial Instruments in Energy Efficiency in Lithuania Agnė KAZLAUSKAITĖ, Ministry of Finance Junona BUMELYTĖ, EIB
Financial Instruments in Energy Efficiency in Lithuania Agnė KAZLAUSKAITĖ, Ministry of Finance Junona BUMELYTĖ, EIB Strategic context: EU funds investment over 2 PP 2007 2013 EUR 6,775.5m 2014 2020 EUR
More informationChief Executives Group North Yorkshire and York 8 September 2016 LEP update
Agenda item 2 Chief Executives Group North Yorkshire and York 8 September 2016 LEP update 1 Purpose of the report 1.1 The purpose of the report is to update the Chief Executives Group on; Post Brexit EU
More informationTHE SUSTAINABLE DEVELOPMENT GOALS AND SOCIAL PROTECTION
THE SUSTAINABLE DEVELOPMENT GOALS AND SOCIAL PROTECTION Ms Nelisiwe Vilakazi Acting Director General- Ministry of Social Development REPUBLIC OF SOUTH AFRICA Global Practitioners Learning Event Oaxaca,
More informationPerformance-based contract financing options Pristina, 7 October, IFC Advisory Services in Public-Private Partnerships
Performance-based contract financing options Pristina, 7 October, 2014 IFC Advisory Services in Public-Private Partnerships 2 Authorized Consumption Billed Authorized Consumption Unbilled Authorized Consumption
More informationBriefing to the standing committee on appropriation. Audit outcomes for the financial year Water portfolio
Briefing to the standing committee on appropriation Audit outcomes for the 2014-15 financial year Water portfolio 14 April 2016 Reputation promise/mission The Auditor-General of South Africa has a constitutional
More informationChanging Approaches to Financing and Financial Management in the South African Local Government Sector
868 Changing Approaches to Financing and Financial Management in the South African Local Government Sector D Sing School of Public Administration & Development Management, University of Natal ABSTRACT
More informationFISCAL STRATEGY PAPER
REPUBLIC OF KENYA MACHAKOS COUNTY GOVERNMENT THE COUNTY TREASURY MEDIUM TERM FISCAL STRATEGY PAPER ACHIEVING EQUITABLE SOCIAL AND ECONOMIC DEVELOPMENT IN MACHAKOS COUNTY FEBRUARY2014 Foreword This Fiscal
More informationTRANSFORMATION POLICY OF THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED
TRANSFORMATION POLICY OF THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED South African National Roads Agency SOC Limited (SANRAL) Transformation Policy Policy Reference Number Version Number Effective
More informationBasel III Pillar III Disclosures
Basel III Pillar III Disclosures June 30, 2015 Basel III Pillar III Disclosures This document represents the Pillar III disclosures for DirectCash Bank (the Bank ) as at June 30, 2015 pursuant to OSFI
More informationStrategic priorities. Sustainable banking. Inspire and engage our people. A better bank contributing to a better world. Enhance client centricity
banking business operations Compliance Employee health and safety Workforce diversity and Environmental impact inclusion Clients interests centre stage and sustainable relationships Privacy of clients
More informationContents. Introduction. Mission, vision and values. Strategic objectives. Key Performance Indicators. Financial strategy. Five year financial forecast
Business Plan Look Ahead Business Plan 2017 Contents Introduction 3 Mission, vision and values 4 Strategic objectives 5 Key Performance Indicators 6 Financial strategy 7 Five year financial forecast 8
More informationCAPE AGULHAS MUNICIPALITY
CAPE AGULHAS MUNICIPALITY MTREF 2018/2019 2020/2021 - Version 1 23 March 2018 CAPE AGULHAS MUNICIPALITY MEDIUM TERM REVENUE AND EXPENDITURE FRAMEWORK 2018/2019 TO 2020/2021 March 2018 1 ANNUAL BUDGET OF
More informationDEPARTMENT OF SMALL BUSINESS DEVELOPMENT PRESENTATION ON THE APP FOR QUARTER 3 AND QUARTER 4 OF 2014/15 FINANCIAL YEAR
DEPARTMENT OF SMALL BUSINESS DEVELOPMENT PRESENTATION ON THE APP FOR QUARTER 3 AND QUARTER 4 OF 2014/15 FINANCIAL YEAR QUARTER 3 OF 2014/15 FINANCIAL YEAR Presentation Outline Purpose Challenges Programmes
More informationAMENDMENTS TO THE BBBEE ACT AND THE CODES
About Werksmans Attorneys AMENDMENTS TO THE BBBEE ACT AND THE CODES EXPLAINED Established in the early 1900s, Werksmans Attorneys is a leading South African corporate and commercial law firm serving multinationals,
More informationUnderstanding the key elements of BEE: Charters, Scorecards and Codes of Good Practice for the Mining Industry
Understanding the key elements of BEE: Charters, Scorecards and Codes of Good Practice for the Mining Industry Address by Peter Leon Partner, Webber Wentzel Bowens BEE in the South African economy The
More informationInvestec plc Q and A fact sheet
Investec plc Q and A fact sheet 218 1 Overview of Investec and Investec plc Investec is an international specialist bank and asset manager that provides a diverse range of financial products and services
More informationSOLVING FOR SMMEs AND SOLE PROPRIETORS
5 12675-BOOK-2017-07.indb 177 SOLVING FOR SMMEs AND SOLE PROPRIETORS 2017/08/02 11:08 AM SMALL BUSINESS AND ENTREPRENEURSHIP CRITICAL TO EMPLOYMENT AND ECONOMIC GROWTH At the dawn of his second term in
More informationTHE KZN GROWTH FUND TRUST ( KGFT ) 3-year Corporate Plan 2018/ /21
THE KZN GROWTH FUND TRUST ( KGFT ) 3-year Corporate Plan 2018/19-2020/21 1 P a g e TABLE OF CONTENTS Table of Contents... 2 1 OVERVIEW OF THE KZN GROWTH FUND TRUST... 3 2 REVIEW OF THE 2017/18 FINANCIAL
More informationNHS Planning Guidance 2016/ /21
NHS Planning Guidance 2016/17 2020/21 Trust Board Meeting Item: 13 Date: 27 th January 2016 Purpose of the Report: Enclosure: I1 To provide the Board with a summary of the NHS Annual Planning Guidance
More information