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Portfolio Committee Presentation - June 2011

Portfolio Committee Presentation - June 2011. About Buyisa-e-Bag (BeB). A section 21 company, established by Government as part of the plastic bag initiative Created as a result of Government legislation regarding plastic bags Funded by Government. Board Composition.

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Portfolio Committee Presentation - June 2011

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  1. Portfolio Committee Presentation - June 2011

  2. About Buyisa-e-Bag (BeB) • A section 21 company, established by Government as part of the plastic bag initiative • Created as a result of Government legislation regarding plastic bags • Funded by Government

  3. Board Composition • Mr Welile Nolingo – Chairperson (CEPPWAWU) • Mr Sydney Kunene – Board Member (CEPPWAWU) • Ms Annabe Pretorius – Board Member (SAPRO) • Mr Douw Steyn – Board Member – (PFSA) • Mr Johan Pieterse – Board Member (PCA) • Ms Linda Godfrey – Board Member (IWMSA) • Ms Dee Fischer – Board Member (DEA)

  4. Current Performance YTD

  5. Current Performance YTD – CONT’D School Education Programme • 291 schools nationally benefitted from BeB awareness and educational initiatives, with an average of 800 learners per school, a total of 232 800 pupils Youth Empowerment Initiative Programme • 170 unemployed youth have been engaged through BeB’s youth empowerment initiatives Clean Up Campaigns • 15 000 people have been involved in BeB clean up campaigns, over 18 000 bags of refuse collected

  6. Key Performance and Priority Areas for 2011/12 The following is planned for 2011/12: • 8 Buy Back Centres (BBCs) to be built, employing 15 permanent and 30 casual workers • Support for 9 external recycling centres, employing 15 permanent and 30 casual workers • 1 Materials Recovery Facility (MRF) in KZN that will create 150 permanent and 75 casual jobs • 3 BBC launches in Phokeng (NW), Oriental Plaza (EC) and St Lucia (KZN – benefitting MK Veterans and the youth)

  7. Key Performance and Priority Areas for 2011/12 – CONT’D • 346 schools to benefit from schools education programme • 15 schools in Gauteng for the Green Ambassador pilot project • 8 youth empowerment initiatives • 20 clean up campaigns, to attract 300-500 community members per campaign

  8. Strategic Plan • Turn Around Strategy

  9. Budget and Annual Financial Statements Funds Received from DEA in the Past 3 Years: • 2009: R20m received in May 2008 • 2010: R7m received in Oct 2009 and the R22m in Jan 2010 Total funds for FY 2010: R29m vs. R30m • 2011: R17.5m received in Dec and R6m received in March 2011 (2 weeks before the end of the financial year ) Total funds for FY 2011: R23.5m vs. R35m

  10. Budget and Annual Financial Statements – CONT’D Annual Financial Statements for the Past 3 Years: • 2008:BeBhas a clean audit, but the audit was not conducted according to AG guidelines (based on PFMA) • 2009:BeBhad a disclaimer because the auditors could not rely on the opening balances and the audit was also not conduct according to AG guidelines • Auditors recommended that a forensic audit be conducted • 2010: BeBchanged auditors and the audit was conducted according to AG guidelines, however, BeBstill had a disclaimer

  11. Budget and Annual Financial Statements – CONT’D BeB Non-Compliance: • Since inception, BeBdid not comply with the following: • PFMA • Treasury Regulations • Company’s Act • No Audit committee • No Risk committee • No CFO • Internal Auditors were only appointed in September 2010

  12. Contact Details Mr Shirleigh Strydom Chief Executive Officer Buyisa-e-Bag Unit G3 Greenstone Hill Office Park Greenstone Hill 1616 Tel: (011) 452-0414 Email: s.strydom@buyisaebag.co.za

  13. Thank you

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