STRIKING THE RIGHT BALANCE IN REGULATION AND SUPERVISION OF DEVELOPMENT FINANCE INSTITUTIONS
|
|
- Ginger Cannon
- 6 years ago
- Views:
Transcription
1 STRIKING THE RIGHT BALANCE IN REGULATION AND SUPERVISION OF DEVELOPMENT FINANCE INSTITUTIONS The South African Experience Global Symposium on Development Finance Institutions Presenter: Anthony Julies, DDG: Asset and Liability Management 19 September 2017
2 DEVELOPMENT FINANCE SYSTEM IN SOUTH AFRICA DFIs and other agencies DEVELOPMENT FINANCE SYSTEM NDFIs DBSA IDC Land Bank NEF NHFC NURCHA RHLF SEFA ECDC ECRDA FDC GEP Ithala LEDA MEGA NWDC PDFIs IDT, NYDA, SEDA, PDFIs, Government Incentives, etc. GRANT-BASED AND NON-FINANCIAL SUPPORT
3 Development Finance System in South Africa- National DFIs National DFI s National Shareholder Department PFMA Listing Development Bank of Southern Africa National Treasury Schedule 2 Major public entity Industrial Development Corporation Economic Development Department Schedule 2 Major public entity Land Bank National Treasury Schedule 2 Major public entity National Empowerment Fund Department of Trade and Industry Schedule 3A National public entity National Housing Finance Corporation Department of Human Settlements Schedule 3A National public entity National Urban Reconstruction and Housing Agency Department of Human Settlements Schedule 3A National public entity Rural Housing Loan Fund Department of Human Settlements Schedule 3A National public entity Small Enterprise Finance Agency Subsidiary of Industrial Development Corporation, but under executive authority of Schedule 2 Major public entity* Department of Small Business Development
4 Development Finance System in South Africa- Provincial DFIs Provincial DFI s Province Provincial Shareholder Department Eastern Cape Development Corporation Eastern Cape Department of Economic Development, Environmental Affairs and Tourism Eastern Cape Rural Development Agency Department of Rural Development and Agrarian Reform 3C PFMA Listing 3D Free State Development Corporation Free State Department of Economic Development, Tourism and Environmental Affairs 3D Gauteng Enterprise Propeller Gauteng Department of Economic Development 3C Ithala Development Finance Corporation Limited KwaZulu- Natal Department of Economic Development, Tourism and Environmental Affairs 3D Limpopo Economic Development Agency Limpopo Department of Economic Development, Environment and Tourism 3C* Mpumalanga Economic Growth Agency Mpumalanga Department of Economic Development, Environment and Tourism 3D North West Development Corporation North West Department of Economic Development, Environment, Conservation and Tourism 3D
5 Total Assets held by DFIs R260 billion Assets held by DFIs (%of total assets), 2014/15South Africa currentlyhas16dfi s (8areNDFIsand8PDFIs). These DFI s hold approximately R260 billion (US$20 billion) in assets. Approximately90%ofassetsareheldby3nationalDFI s. IDC 46.9 % Land Bank 15.9 % NEF 2.3 % PDFIs 4.5 % NHFC 1.3 % NURCHA 0.2 % SEFA 0.9 % RHLF 0.2 % MEGA 0.6 % NWDC 0.5 % LEDA 0.6 % ECRDA 0.1 % GEP 0.03 % Ithala 1.8 % ECDC 0.6 % DBSA 27.7 % FDC 0.3 % 5
6 FINANCING ACTIVITIES BY DFI s TYPE OF FINANCING SECTORAL FOCUS LOAN FINANCE EQUITY FINANCE AGRI. AND FISHERIES* HOUSING BRIDGING OR PROCUREMENT FINANCE INFRASTRUCTURE DBSA Yes Yes X IDC Yes Yes X X Land Bank Yes Yes X NDFIs PDFIs NEF Yes Yes X NHFC Yes No X NURCHA Yes No X X RHLF Yes No X SEFA Yes Yes* X ECDC Yes Yes X X ECRDA Yes No X X FDC Yes Yes X GEP Yes No X IDFC Yes Yes X X X LEDA Yes Yes X X X MEGA Yes Yes X X X NWDC Yes Yes X
7 Investment and financing assets held by DFIs Roughly R160 billion of DFI assets were allocated to investment and financing activities in 2014/15 Land Bank, 24.2% NEF, 2.7% PDFIs, 1.3% IDC, 40.0% Other, 4.6% SEFA, 1.3% NHFC, 1.6% DBSA, 28.6% RHLF, 0.2% NURCHA, 0.2% 7
8 Type of Assets by NDFIs At the time of the review, only 50% of NDFI assets were dedicated to developmental lending Type of Assets by NDFI, 2014/15 8
9 Type of Assets by PDFIs Type of Assets by PDFIs, 2014/15 9
10 Size of provincial economy by sector % of provincial GDP (2014) 10
11 Provincial contribution to sector % of provincial GDP (2014) 11
12 DFI financing assets by Province DFI financing by Province, 2014/15 12
13 Provincial distribution of financing assets by DFIs Provincial distribution of financing assets by DFIs, 2014/ % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0% DBSA / IDC / NEF Land Bank Housing NDFIs SEFA PDFIs Eastern Cape Free State Gauteng KwaZulu-Natal Limpopo Mpumalanga Northern Cape North West Western Cape 13
14 The role of DFIs for execution of the National Development Plan (NDP) DFIs in the following sectors are identified by the NDPas key for growth and employment: i) Industrial; ii) Infrastructure; iii) Agriculture and iv) Housing DFI balance sheets must therefore be sound for execution; Greater clarity of respective roles required (niche areas identified for each DFI); Better co-ordination required between DFIs; National Treasury embarked on a review of the DFIs system (first review of NDFIs occurred in 2007/08 and second review of PDFIs occurred in 2015/16); Findings of both reviews have been consolidated and proposals have been made to address the most critical issues identified in the DFS,
15 Key Defining Characteristics of a DFI Development Effectiveness Operational Efficiency Extent to which DFIs have brought about targeted change. Financial Sustainability DFIs ability to minimise its operational cost Economic Efficiency DFIs ability to generate sufficient revenues from its lending activities to continue operating without government support Economic cost of supporting a DFI with public funds relative to the opportunity cost of government s capital
16 Main findings from the DFI Review Mandates are generally broad. Legislation is generally enabling rather than operational. Clear overlaps in the provision of finance between DFI s at national and provincial levels. Therefore the need for improving coordination (to use existing resources better). To strike the right balance between i) economic efficiency, ii) development effectiveness and iii) financial sustainability. o Therefore, the need for a consistent and standardised framework to assess performance. The weakabilitytoassesstheeffectivenessofdfis o Due to a historical ad hoc approach to monitoring and evaluation and overall performance monitoring systems.
17 Striking the Right Balance in Regulation and Supervision of DFIs Establishment of a DFS Council Structure o To Co-ordinate DFI activities o Monitor financial performance o Evaluate DFI shareholder Compacts Cabinet Ministerial committee (chaired by the Minister of Finance and consists of all line ministers) Panel of experts (development finance experts) Steering committee (government officials) Secretariat 17
18 Striking the Right Balance in Regulation and Supervision of DFIs Restructuring the Development Finance System (DFS) Sector/Industry Institution type DFIs Responsible department Infrastructure Infrastructure Bank Medium and large enterprises Development DBSA Industrial Development Bank IDC, NEF s corporate finance division National Treasury Department of Trade and Industry Agriculture Agricultural Development Bank Land Bank, MAFISA Department of Agriculture, Forestry and Fisheries* Housing Housing Development Bank NHFC, NURCHA, RHLF Department of Housing Small and medium enterprises SME Development Bank Khula, NEF s imbewu fund, UYF s enterprise division Department of Trade and Industry Microenterprises Microfinance Bank Development SAMAF, MAFISA, UYF s microfinance activities Department of Trade and Industry * While the original intention was for the Department of Agriculture, Forestry and Fisheries to act as the executive authority for the Land Bank, this authority has subsequently transferred to the National Treasury. 18
19 Striking the Right Balance in Regulation and Supervision of DFIs Sectoralfocus of NDFIs currently Main sectoral focus NDFI National shareholder department Infrastructure Medium and large enterprises Development Bank of Southern Africa National Treasury Industrial Development Corporation Economic Development Department Agriculture Land Bank National Treasury SMMEs Small Enterprise Finance Agency Subsidiary of the IDC, but under executive authority of Department of Small Business Development Housing Other (empowerment) NEF National Housing Finance Corporation Department of Human Settlements National Urban Reconstruction and Housing Agency Rural Housing Loan Fund Source: Based on Annual Reports and National Treasury information. Department of Human Settlements Department of Human Settlements Department of Trade and Industry 19
20 Striking the Right Balance in Regulation and Supervision of DFIs Creating a Standardised Regulatory framework for DFIs o Governance (detail next slide) o Risk management compliance with internal policies and procedures o Development effectiveness an integrated framework for impact monitoring o Mandates understand how mandate fits into strategic direction of the department o Financial sustainability the core business must be sustainable 20
21 Striking the Right Balance in Regulation and Supervision of DFIs Recommendations to improve internal performance, with specific reference to better governance: o Eliminate, in most instances, section 21 structures (subsidiaries) and replace with public company structures; o Shareholder Compacts and Strategic Plans must include financial performance targets (determined by the DFS Council) o Allign process of Board and Executive management appointments to the Public Finance Management Act (PFMA) o DFI Boards, in close consultation with the Executive Authority and the DFS Council, to lead the CEO recruitment process o Each Board must have a Development Effectiveness committee. 21
22 THANK YOU 22
SABOA 2013 NATIONAL CONFERENCE 28 FEBRUARY 2013 CSIR CONFERENCE CENTRE
SABOA 2013 NATIONAL CONFERENCE 28 FEBRUARY 2013 CSIR CONFERENCE CENTRE Don Mashele Head of Regions Overview and Background Challenges that led to the establishment of sefa Limited success in fostering
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 informationA SIMPLE SOLUTION TO JOB CREATION
A SIMPLE SOLUTION TO JOB CREATION Dr Salifou Siddo TEP Chief Executive 2009 Tourism Enterprise Partnership. All Rights Reserved EXPECTED OUTCOMES Introduction to the background & history of TEP - Overview
More informationPART 2. Submission for the Division of Revenue // 2017/18 CHAPTER 5. The Role of National and Provincial DFIs in Rural Development.
Submission for the Division of Revenue // 2017/18 CHAPTER 5 The Role of National and Provincial DFIs in Rural Development Thando Ngozo 117 CHAPTER 5 The Role of National and Provincial DFIs in Rural Development
More informationSECTION 2: OVERVIEW OF AUDIT OUTCOMES. Consolidated general report on national and provincial audit outcomes for
SECTION 2: OVERVIEW OF AUDIT OUTCOMES 45 Consolidated general report on national and provincial audit outcomes for 204-5 Figure : Slight improvement in audit outcomes (all auditees) 7% (76) 28% (3) 26%
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 informationBusiness Partners Limited SME Confidence Index
Business Partners Limited SME Confidence Index Fourth Quarter of 2017: October December Issued February 2018 1 RATIONALE FOR THE BUSINESS PARTNERS LIMITED SME CONFIDENCE INDEX SMEs are often punted as
More informationThe status of performance management. Consolidated general report on the national and provincial audit outcomes
4 The status of performance management 57 4. Annual performance reports Figure 1 provides an overview of audit outcomes on the APRs, the APRs submitted with no material misstatements (red line) and the
More informationREPORT OF THE SELECT COMMITTEE ON FINANCE ON THE PROVINCIAL TREASURIES EXPENDITURE REVIEW FOR THE 2014/15 FINANCIAL YEAR, DATED 14 OCTOBER 2015
REPORT OF THE SELECT COMMITTEE ON FINANCE ON THE PROVINCIAL TREASURIES EXPENDITURE REVIEW FOR THE 2014/15 FINANCIAL YEAR, DATED 14 OCTOBER 2015 1. Introduction and Background The Select Committee on Finance
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 informationCompliance Monitor Register of Projects
Compliance Monitor Register of Projects Quarter 2017 CIDB REGISTER OF PROJECTS COMPLIANCE MONITOR; JULY 2017 1. Introduction 1 2. Background and Analysis for Compliance Indicators 3 2.1 Tender Awards
More informationPART /18 // Submission for the Division of Revenue CHAPTER 5. Enhancing the Role of Public Entities in Rural Development
Enhancing the Role of Public Entities in Rural Development 74 Submission for the Division of Revenue // 2017/18 5.1 Introduction Public entities play a role in implementing developmental policies and act
More informationECONOMIC GROWTH PROVINCIAL INTRODUCTION QUARTERLY DATA SERIES
ISSUE 7 OCTOBER 2016 PROVINCIAL QUARTERLY DATA SERIES ECONOMIC GROWTH INTRODUCTION The Quarterly Economic Review is a statistical release compiled by the Eastern Cape Socio Economic Consultative Council
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 informationThe National Credit Act and the National Credit Regulator
The National Credit Act and the National Credit Regulator National Credit Act Act No. 34 of 2005 The purposes of this Act is to promote and advance the social and economic welfare of South Africans, promote
More informationPresentation to the Select Committee on Appropriations COMMUNITY LIBRARY SERVICES GRANT. 25 May 2011
Presentation to the Select Committee on Appropriations COMMUNITY LIBRARY SERVICES GRANT 25 May 2011 Community Library Services Grant 31 December 2010 Table: Community Library Services Grant expenditure
More informationPORTFOLIO COMMITTEE ON RURAL DEVELOPMENT AND LAND REFORM 3 MAY 2017
2017 ENE ALLOCATION PORTFOLIO COMMITTEE ON RURAL DEVELOPMENT AND LAND REFORM 3 MAY 2017 1 Branches allocation to Total Branches Final ENE allocation % baseline R'000 % Administration 1,721,620 16.9% Ministerial
More informationMicro Agriculture Finance Institutions of South Africa
Expenditure and Performance Review Micro Agriculture Finance Institutions of South Africa Final May 2014 Research commissioned by the National Treasury Version control of drafts submitted to National Treasury
More informationTHE SMALL, MEDIUM AND MICRO ENTERPRISE SECTOR OF SOUTH AFRICA. Research Note 2016 No 1. Commissioned by The Small Enterprise Development Agency
THE SMALL, MEDIUM AND MICRO ENTERPRISE SECTOR OF SOUTH AFRICA Research Note 2016 No 1 Commissioned by The Small Enterprise Development Agency January 2016 Executive summary This report presents a broad
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 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 informationeconomic growth QUARTERLY DATA SERIES
ISSUE 8 December 2016 PROVINCIAL economic growth QUARTERLY DATA SERIES introduction The Quarterly Economic Review is a statistical release compiled by the Eastern Cape Socio Economic Consultative Council
More informationSalary Survey. The Association of South African Quantity Surveyors (ASAQS) March 2017 (Published in October 2017) South African Construction Industry
The Association of South African Quantity Surveyors (ASAQS) Salary Survey March 2017 (Published in October 2017) South African Construction Industry Business Information Services www.industryinsight.co.za
More informationRisk profile of IDC s book
Integrated Report 213 Risk profile Risk profile of IDC s book Credit risk Impairments Impairments (IDC Company) 5 2 IDC s level of impairments has been increasing gradually in recent years, with the ratio
More informationKnowledge is too important to leave in the hands of the bosses INFLATION MONITOR MARCH 2018
Knowledge is too important to leave in the hands of the bosses INFLATION MONITOR MARCH 2018 1 The Consumer Price Index (CPI) declined to 3.8% in March 2018 The term inflation means a sustained increase
More informationCURRICULUM VITAE THABO VAUGHAN SHENXANE
CURRICULUM VITAE THABO VAUGHAN SHENXANE Cell: 084 789 9151 Email: thabo@chumisa.co.za P.O. Box 917 WINGATE PARK, Pretoria East, 0158 PERSONAL INFORMATION Identity Number : 750212 5491 08 2 Driver s Licence
More informationSouthern African-German Chamber of Commerce and Industry Enterprise and Supplier Development Fund
Southern African-German Chamber of Commerce and Industry Enterprise and Supplier Development Fund 1 2 NEF MANDATE Grow black economic participation Financial & non-financial support Culture of savings
More informationFocus on Household and Economic Statistics. Insights from Stats SA publications. Nthambeleni Mukwevho Stats SA
Focus on Household and Economic Statistics Insights from Stats SA publications Nthambeleni Mukwevho Stats SA South African Population Results from CS 2016 Source: CS 2016 EC Household Results from CS 2016
More informationPerformance reports. General report on the national and provincial audit outcomes for
8 Performance reports 83 8. Performance reports Performance reports are a key accountability mechanism. In the performance reports, auditees report on whether they achieved the objectives that had been
More informationOverview of the state of CSI in South Africa
Overview of the state of CSI in South Africa 24 May 2016 Presented by: NICK ROCKEY Agenda Research highlights Conference panel perspectives on CSI Trialogue initiatives 2 RESEARCH HIGHLIGHTS 3 2001 2002
More informationRURAL HOUSING LOAN FUND
RURAL HOUSING LOAN FUND Presentation at the : ANNUAL WORKSHOP 23 MARCH 2017 JABULANI FAKAZI, CEO 1 Outline 2 RHLF mandate Howe we create value for people in our mandate Business model RHLF Pricing Policy
More informationA Facilitator Of Incremental Housing Finance RURAL HOUSING LOAN FUND BROCHURE
A Facilitator Of Incremental Housing Finance RURAL HOUSING LOAN FUND BROCHURE WHAT IS RURAL HOUSING LOAN FUND Rural Housing Loan Fund (RHLF) is one of the Human Settlements Development Finance Institutions
More information3. The Macro Framework
3. The Macro Framework 3.1 Introduction T he aim of this section is to cover the broad policy and institutional framework in place to support business development and development of the financial sector
More informationAnnual Report Presentation to the Human Settlements Portfolio Committee. Mr. Samson Moraba CEO 02 September 2011
Annual Report Presentation to the Human Settlements Portfolio Committee Mr. Samson Moraba CEO 02 September 2011 Mandate, Vision, Mission Strategic Objectives NHFC Values NHFC Outcomes NHFC Past Performance
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 informationBUDGET SOUTH AFRICAN BUDGET: THE MACRO PICTURE. Key messages
BUDGET CHILDREN AND THE SOUTH AFRICAN BUDGET: THE MACRO PICTURE UNICEF/Pirozzi Key messages The nearly 2 million children in South Africa account for more than a third of the country s population. South
More informationMFMA. Audit outcomes of municipalities
0- Audit outcomes of municipalities 0- Reputation promise The Auditor-General of South Africa (AGSA) has a constitutional mandate and, as the Supreme Audit Institution (SAI) of South Africa, it exists
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 informationA comprehensive view of the state of the residential rental market in South Africa Q JAN - MAR
A comprehensive view of the state of the residential rental market in South Africa JAN - MAR PayProp Rental Index Quarterly The current downward trend in the South African economy appears to be taking
More informationNDA Annual Report Presentation to The Parliamentary Portfolio Committee on Social Development. Presented By : Ms Rashida Issel Acting CEO
NDA Annual Report Presentation to The Parliamentary Portfolio Committee on Social Development Presented By : Ms Rashida Issel Acting CEO BACKGROUND The National Development Agency (NDA) is a Schedule 3
More informationPUBLIC SECTOR INNOVATION AWARDS LAUCH 2017
PUBLIC SECTOR INNOVATION AWARDS LAUCH 2017 SOUTHERN SUN ELANGENI& MAHARANI, DURBAN LIMPOPO REVENUE ENHANCEMENT PROJECT 1 Outline of the presentation Introduction and background Triggers of LP Revenue Enhancement
More informationIntegrating climate risk assessment/management/drr into national policies, programmes and sectoral planning. G Midgley, South Africa
Integrating climate risk assessment/management/drr into national policies, programmes and sectoral planning G Midgley, South Africa The national policy framework South Africa s Disaster Management Act,
More information1. Introduction 2. DOMESTIC ECONOMIC DEVELOPMENTS. 2.1 Economic performance in South Africa ISBN: SECOND QUARTER 2013
November 2013 ISBN: 978-1-920493-99-8 SECOND QUARTER 2013 1. Introduction The Quarterly Economic Update for the second quarter of 2013 (2Q2013) has been expanded and contains a range of new indicators.
More informationGovernment Gazette Staatskoerant
Government Gazette Staatskoerant REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID AFRIKA Regulation Gazette No. 10177 Regulasiekoerant Vol. 640 4 October Oktober 2018 No. 41958 N.B. The Government Printing
More informationBiannual Economic and Capacity Survey. July December2017
Biannual Economic and Capacity Survey July December2017 1 Firm distribution based on Annual Turnover (based on responses received) July December 2017 Full survey Category by gross annual income % of firms
More informationSouth African SMME Business Confidence Index Report: 4th Quarter 2013
ISSN 1811-5187 AFRICAGROWTH INSTITUTE Tel: (021) 914 6778 Fax: (021) 914 4438 www.africagrowth.com South African SMME Business Confidence Index Report: 4th Quarter 13 Compiled by: Africagrowth Institute
More informationCONSTRUCTION MONITOR Transformation Q4 2017
CONSTRUCTION MONITOR Transformation Q4 2017 CIDB CONSTRUCTION MONITOR TRANSFORMATION; JANUARY 2018 1. Introduction 1 2. Transformation of the Construction Industry 2 2.1 Background and Context 2 2.2 A
More informationPortfolio Committee on Energy
Portfolio Committee on Energy Briefing Integrated National Electrification Programme (INEP) 26 August 2014 Context & Purpose Previous briefings to PC on INEP DoE in September 2013 Salga and DoE in February
More informationREVIEW OF THE LOCAL GOVERNMENT EQUITABLE SHARE FORMULA
T In partnership with: REVIEW OF THE LOCAL GOVERNMENT EQUITABLE SHARE FORMULA Parliament 19 February 2013 INTRODUCING THE NEW FORMULA Structure of the presentation 2 Background to the formula and review
More informationSubmission on the Function Shift of Further Education and Training (FET)
Submission on the Function Shift of Further Education and Training (FET) For an Equitable Sharing of National Revenue. 3 DECEMBER 2013 Financial and Fiscal Commission Montrose Place (2 nd Floor), Bekker
More informationTHE NEF APPLICATION FORM R R75 million
THE NEF APPLICATION FORM R250 000 - R75 million THE NEF APPLICATION FORM R250 000 - R75 million Please complete this application in full with all the required information, including a comprehensive business
More informationAsset and liability management
6 Asset and liability management Overview G overnment expenditure is financed through revenue and borrowing, with state-owned entities and development finance institutions complementing delivery capacity.
More informationHousing backlog: Protests and the demand for Housing in South Africa BY ESTERI MSINDO PSAM
Housing backlog: Protests and the demand for Housing in South Africa BY ESTERI MSINDO PSAM Housing delivery law and regulation Section 26 of the constitution stipulates that everyone has the right to adequate
More informationHousing Development Agency. Business Case Activating the Development Agency Role. Board Approved 11 March 2016
Housing Development Agency Business Case Activating the Development Agency Role Board Approved Final Version 5.0 Table of Contents Executive Summary 4 1 Introduction 9 2 Background 10 2.1 Establishment
More informationPROGRESS REPORT ON LAND RESTITUTION CLAIMS
PROGRESS REPORT ON LAND RESTITUTION CLAIMS db3sqepoi5n3s.cloudfront.net/files/docs/1202 07progress.ppt PRESENTATION TO THE PORTFOLIO COMMITTEE ON RURAL DEVELOPMENT AND LAND REFORM 07 FEBRUARY 2012 MR T.
More informationQuarterly Labour Force Survey Q1:2018
Quarterly Labour Force Survey Q1:2018 Faizel Mohammed Stats SA discouraged work seekers The labour market Q1:2018 37,7 million People of working age in South Africa (15 64 year olds) Labour force 22,4
More informationHands-on. Learning Brief 45. Learning from our implementing partners. University of Cape Town
EARLY CHILDHOOD DEVELOPMENT Hands-on Learning from our implementing partners University of Cape Town Are children s rights prioritised at a time of budget cuts? Assessing the adequacy of the 2013/14 social
More informationSouth African SMME Business Confidence Index Report: 2nd Quarter 2014
ISSN 1811-5187 AFRICAGROWTH INSTITUTE Tel: (021) 914 6778 Fax: (021) 914 4438 www.africagrowth.com South African SMME Business Confidence Index Report: 2nd Quarter 2014 Compiled by: Africagrowth Institute
More informationProvincial Budgeting and Financial Management
Provincial Budgeting and Financial Management Presentation to Select Committee on Appropriations Presenter: Edgar Sishi National Treasury 15 July 2014 INTRODUCTION Provincial functions are assigned by
More informationCONSTRUCTION MONITOR Transformation Q4 2014
CONSTRUCTION MONITOR Transformation Q4 2014 CIDB CONSTRUCTION MONITOR - TRANSFORMATION; JANUARY 2015 1. Introduction 1 2. Transformation of the Construction Industry 2 2.1 Transformation Summit (November
More informationRESULTS OF THE 2010 SURVEY OF THE. cidb CONSTRUCTION INDUSTRY INDICATORS MAY Prepared by: Dr HJ Marx
RESULTS OF THE 2010 SURVEY OF THE cidb CONSTRUCTION INDUSTRY INDICATORS MAY 2011 Prepared by: Dr HJ Marx of Quantity Surveying and Construction Management University of the Free State Marxhj@ufs.ac.za
More informationAn analysis of training expenditure in the Public Service sector
March 2018 An analysis of training expenditure in the Public Service sector 1. Background and Introduction The Public Service sector in South Africa, comprised of the national and provincial government
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 informationExpanded Public Works Programme
Expanded Public Works Programme (EPWP) Overview of EPWP Phase 2 Second Economy Strategy 29 September 2008 Sector Analysis: Infrastructure Meeting job targets but jobs are too short Use of labour-intensive
More informationResidential Property Indices. Date Published: August 2018
Residential Property Indices Date Published: August 2018 National Inflation Current annual inflation rate is 3.79% and monthly is 0.26% Market Review As at the end of July 2018 the national house price
More informationFourth ASISA Insurance Gap Study (performed by True South Actuaries & Consultants)
Fourth ASISA Insurance Gap Study (performed by True South Actuaries & Consultants) October 2016 Agenda (A trillion has 12 zeros) Agenda (A trillion has 12 zeros) within the SA population landscape 55 million
More informationcidb development through partnership August 2008 Update on the National Infrastructure Maintenance Strategy (NIMS)
Update on the National Infrastructure Maintenance Strategy (NIMS) Key Government Initiatives in Support of Improving Infrastructure Maintenance August 2008 cidb development through partnership The National
More informationSouth African ART policies between 2013/ /15: An analysis of ARV Expenditure
South African ART policies between 2013/14 2014/15: An analysis of ARV Expenditure Gavin Surgey Teresa Guthrie 31 March 2015 DRAFT [Do not quote without prior permission] Background Over 2.5m people on
More informationTHE KZN GROWTH FUND TRUST 5 year Corporate Plan 2014/ /20
THE KZN GROWTH FUND TRUST 5 year Corporate Plan 2014/15-2019/20 Page 1 of 40 TABLE OF CONTENTS 1 OVERVIEW OF THE KZN GROWTH FUND TRUST... 3 2 STRATEGIC OVERVIEW... 4 3 ORGANISATIONAL ENVIRONMENT AND ANALYSIS...
More informationCOMPETITION TRIBUNAL OF SOUTH AFRICA
COMPETITION TRIBUNAL OF SOUTH AFRICA Case No: 78/LM/Sep11 In the matter between: Bid Industrial Holdings (Pty) Ltd Acquiring Firm And A&S Food Distributors (Pty) Ltd A&S Food Distributors Gauteng (Pty)
More informationResidential Property Indices. Date Published: September 2018
Residential Property Indices Date Published: September 2018 National Inflation Current annual inflation rate is 3.85% and monthly is 0.27% Market Review As at the end of August 2018 the national house
More informationADDRESSING PUBLIC PRIVATE SECTOR INEQUALITIES PROFESSOR EMERITUS YOSUF VERIAVA
ADDRESSING PUBLIC PRIVATE SECTOR INEQUALITIES PROFESSOR EMERITUS YOSUF VERIAVA HEALTH INEQUALITY AND INEQUITY Disparity: Is there a difference in the health status rates between population groups? Inequality:
More informationResidential Property Indices. Date Published: July 2018
Residential Property Indices Date Published: July 2018 National Inflation Current annual inflation rate is 3.93% and monthly is 0.28% Market Review As at the end of June 2018 the national house price inflation
More informationResidential Property Indices. Date Published: October 2018
Residential Property Indices Date Published: October 2018 National Inflation Current annual inflation rate is 3.77% and monthly is 0.25%. Market Review As at the end of September 2018 the national house
More informationMunicipal Infrastructure Grant Baseline Study
Municipal Infrastructure Grant Baseline Study August 2008 Published July 2009 Disclaimer This Research Report for the Municipal Infrastructure Grant (MIG) Baseline Study has been prepared using information
More information6 Outstanding audits. Consolidated general report on the national and provincial audit outcomes
6 Outstanding audits 87 88 6. Outstanding audits We set the cut-off date for inclusion of the audit outcomes in this report as 12 August 2016. By this date 27 audits were not completed, which makes up
More informationSouth Africa. UNICEF/Hearfield
South Africa UNICEF/Hearfield Social development BUDGET SOUTH AFRICA 217/218 1 .2 % Real average annual rate projected growth of DSD budgets UNICEF/Bart de Ruigh Preface This budget brief is one of four
More informationJUTA'S WEEKLY STATUTES BULLETIN
(Bulletin 15 of 2016, based on Gazettes received during the week 8 to 15 April 2016) Department of Arts and Culture: JUTA'S WEEKLY E-MAIL SERVICE ISSN 1022-6397 PROCLAMATIONS AND NOTICES Call for applications
More informationWho cares about regional data?
Who cares about regional data? Development happens somewhere - in a spatial locality. Aggregations hide [important] variety in the data Within South Africa: KwaZulu-Natal is not like the Western Cape Within
More informationsefa Finance Solutions
sefa Finance Solutions Get up to R5 million of start-up, expansionary or acquisition finance for your business. Are you an aspiring entrepreneur? Do you have a business idea? Does your business need financial
More informationPost subsidies in provincial Departments of Social Development. Report prepared by Debbie Budlender
Post subsidies in provincial Departments of Social Development Report prepared by Debbie Budlender April 2017 1 About this study: The care work project was initiated in 2016 by the Shukumisa Campaign in
More informationStrategic Plan 2012/17, Annual Performance Plan and Budget 2012/13
Strategic Plan 2012/17 and Annual Performance Plan 2012/13 Strategic Plan 2012/17, Annual Performance Plan and Budget 2012/13 INDEPENDENT POLICE INVESTIGATIVE DIRECTORATE (IPID) Monday, 16 April 2012 BRIEFING
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 informationSouth African SMME Business Confidence Index Report: 1st Quarter 2016
ISSN 1811-5187 AFRICAGROWTH INSTITUTE Tel: (021) 914 6778 Fax: (021) 914 4438 www.africagrowth.com South African SMME Business Confidence Index Report: 1st Quarter 2016 Compiled by: Africagrowth Institute
More informationMedia Press Release. Topic: Special Economic Zones and Building Manufacturing in KZN
1 ac Media Press Release Date: 7 th November 2014 Topic: Special Economic Zones and Building Manufacturing in KZN Venue: Dube TradePort, Latitude Conference Centre, 29º South, 7 Umsinsi Junction, La Mercy,
More informationRESULTS OF THE 2011 SURVEY OF THE. cidb CONSTRUCTION INDUSTRY INDICATORS MARCH Prepared by: Prof. HJ Marx
RESULTS OF THE 2011 SURVEY OF THE cidb CONSTRUCTION INDUSTRY INDICATORS MARCH 2012 Prepared by: Prof. HJ Marx of Quantity Surveying and Construction Management University of the Free State marxhj@ufs.ac.za
More informationLRS INFLATION MONITOR JANUARY 2015
LRS INFLATION MONITOR JANUARY 201 1 CPI SLOWED SLIGHTLY TO.% IN JANUARY 201 KEY FINDINGS Inflation measures how much more expensive a set of goods and services has become over a certain period, usually
More informationAccountability for government spending: From the plan to the people
Accountability for government spending: From the plan to the people 1 Plan-Do-Check-Act Cycle, also the Deming cycle, courtesy of the International Organization for Standardization 2 PLAN DO ACT CHECK
More informationResidential Property Indices. Date Published: March 2018
Residential Property Indices Date Published: March 2018 National Inflation Current annual inflation rate is 4.08% and monthly is 0.31% Market Review As at the end of February 2018 the national house price
More informationCENTRE FOR INCLUSIVE BANKING IN AFRICA
CENTRE FOR INCLUSIVE BANKING IN AFRICA The Microfinance Review 2013 From Microfinance to Financial Inclusion A review of the South African microfinance sector Trends, successes, challenges, and policy
More informationSUPPLIER REGISTRATION & ACCREDITATION FORM. Registered name: Trading as name of business: Products &/ services offered:
Tel: +27 (0) 12 366 2600 Fax: +27 (0) 12 366 2601 161 Lynnwood Road Cnr Duncan & Lynnwood Road Brooklyn 0181 PO Box 13186 Hatfield Gauteng Republic of South Africa wwwsamsaorgza SUPPLIER REGISTRATION &
More informationfundnews GEPF invests responsibly Call Centre Second Edition
Second Edition 2016 fundnews The quarterly newsletter for pensioners of the Government Employees Pension Fund SPOUSE S PENSION DOES NOT STOP WHEN YOU REMARRY PAGE 3 YOU CAN CLAIM GEPF S FUNERAL BENEFIT
More informationThe cidb Quarterly Monitor. T h e C o n s t r u c t i o n I n d u s t r y D e v e l o p m e n t B o a r d Development Through Partnership
THE ECONOMICS OF CONSTRUCTION IN SOUTH AFRICA The cidb Quarterly Monitor T h e C o n s t r u c t i o n I n d u s t r y D e v e l o p m e n t B o a r d Development Through Partnership OCTOBER 2012 Acknowledgements:
More informationStatus of Business Rescue Proceedings in South Africa September 2015
Status of Business Rescue Proceedings in South Africa September 2015 1. Purpose of the Business Rescue Proceedings Report: The purpose of this report is to provide a statistical overview of the status
More informationResidential Property Indices. Date Published: February 2018
Residential Property Indices Date Published: February 2018 National Inflation Current annual inflation rate is 4.21% and monthly is 0.34% Market Review As at the end of January 2018 the national house
More informationANNUAL REPORT SMMEs AND COOPERATIVES THE ENGINE FOR ECONOMIC GROWTH
ANNUAL REPORT 2015 SMMEs AND COOPERATIVES THE ENGINE FOR ECONOMIC GROWTH sefa s mandate To be the leading catalyst for the development of sustainable SMMEs and Cooperatives through the provision of finance.
More informationHousing Microfinance in South Africa: Status, Problems and Prospects. Based on literature review, interviews, workshop inputs & peer inputs
A Mouse That Roared? Housing Microfinance in South Africa: Status, Problems and Prospects FinMark Forum Sandton David Gardner 18 September, 2008 Study Background Finmark Trust & HIVOS-funded Based on literature
More informationSouth African Human Rights Commission
South African Human Rights Commission Presentation on Strategic Plan and Annual Performance Plan to the Portfolio Committee on Justice & Constitutional Development 1 OUTLINE OF PRESENTATION PART A: OVERVIEW
More informationAnnual Report 2015/16 Presentation. 12 October 2016
Annual Report 2015/16 Presentation 12 October 2016 Presentation outline 1. Economic Environment 2. Operational performance 3. Development impact 4. Performance against predetermined objectives 5. Financial
More informationDECREE No 104 OF 17 MAY 2008 ON ORGANIZATION AND COORDINATION OF MANAGEMENT OF RESOURCES FROM THE FUNDS OF THE EUROPEAN UNION
DECREE No 104 OF 17 MAY 2008 ON ORGANIZATION AND COORDINATION OF MANAGEMENT OF RESOURCES FROM THE FUNDS OF THE EUROPEAN UNION Effective as of 20 May 2008 Promulgated, SG No 47 of 20 May 2008, as amended,
More information