Presentation to the Portfolio Committee on Communications on NEMISA’s Annual Report for 2010/2011

1. Presentation to the Portfolio Committee on Communications on NEMISA’s Annual Report for 2010/2011 14 OCTOBER 2011

2. Corporate Governance • Adherence to codes of good corporate governance (PFMA, Protocol on C/G for SOE’s, King Report) • Board Charter • Memorandum and Articles of Association • Strategic and Annual Plans • Periodic reviews of management • Ongoing assessment of policies 14 OCTOBER 2011

3. Human Capital • Core staff competencies; Balance of academic and experiential competency • Fairly stable after loss of executive staff • Change management process to align staff to strategy, reviewing of policies and procedures • Compliant with Employment Equity • Outsourced security, internal audit 14 OCTOBER 2011

4. Programme Performance 14 OCTOBER 2011

5. Programme Performance • (**) The numbers in reference to training through strategic partnerships drop drastically because of the following: • The NDR project between NEMISA and the PNC was revised and the project reduced the number of youth to be trained because PNC did not sign the MOU with Sekhukhuni Municipality. 14 OCTOBER 2011

6. Programme Performance 14 OCTOBER 2011

7. 14 OCTOBER 2011

8. 14 OCTOBER 2011

9. ANNUAL FINANCIAL STATEMENT 2010/11 STATEMENT OF FINANCIAL POSITION • Total current assets of R7.9 million • Total non-current assets of R7.6 million • Total current liability of R6.1 million 14 OCTOBER 2011

10. ANNUAL FINANCIAL STATEMENT 2010/11 STATEMENT OF FINANCIAL PERFORMANCE • Total income received R34 million. • Total expenditure R 39 million. • Deficits of R 4 million. • The deficits are due to implementation of a new accounting policy (GRAP 23). Reclassification of deferred income as surplus. • Auditor General: Unqualified Opinion 14 OCTOBER 2011

11. Questions 14 OCTOBER 2011