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Economic Development Department 3 rd Quarterly Report

Economic Development Department 3 rd Quarterly Report. Presentation to the Portfolio Committee on Economic Development 08 February 2012. Presentation. 3 rd Quarter performance Economic Policy Development Economic Planning and Coordination Economic Development and Social Dialogue

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Economic Development Department 3 rd Quarterly Report

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  1. Economic Development Department 3rd Quarterly Report Presentation to the Portfolio Committee on Economic Development 08 February 2012

  2. Presentation • 3rd Quarter performance • Economic Policy Development • Economic Planning and Coordination • Economic Development and Social Dialogue • Progress against ENE targets • Human Resources • Financial performance • Concluding remarks 2

  3. Economic Policy Development (1) • Mid-term report on Employment and Inclusive Growth submitted for inclusion in January 2012 Cabinet Lekgotla discussions: • Review of progress in achieving targeted outcomes; • Assessment of policy successes and shortfalls; and • Prospects and actions to mitigate the risks. • Survey on employment reporting for state departments and agencies conducted: • System developed in collaboration with DPME and the ILO; • Survey demonstrates the need to improve systems for assessing impact of government actions on employment. 3

  4. Economic Policy Development (2) • Policy Platforms • Proposed multi-pronged Strategy on Youth Unemployment work shopped on 23 November 2011 • Developed draft discussion document - Addressing Inequality. A workshop will be held in the 4th quarter. • Asset ownership and inequality - workshop held with Friedrich Ebert Stiftung and Studies in Poverty and Inequality Institute. • Infrastructure planning (PICC) engagement with McKinsey 4

  5. Economic Planning andCoordination (1) • New Growth Path - engagements with provincial and local government: • KZN Regional and Local Economic Development; • Limpopo Department of Economic Development, Environment and Tourism Strategic Planning; • Deputy President’s Anti-Poverty Campaign visit to Blouberg Local Municipality in Limpopo province; • Western Cape Department of Economic Development and Tourism; • Free State Local Economic Development; • Participates in DRDLR-led initiative focusing on prioritising high impact projects in 22 rural districts; • Presidential Intervention in Diyatalawa and Makgolokoeng municipalities in Free State province; 5

  6. Economic Planning andCoordination (2) • Sector plans • This function now resides with the Economic Policy and Development Branch – see slide p.4 referencing multipronged Youth Unemployment Strategy proposals. • Spatial plans • Employment Creation Fund approved funding for Rise Up Cooperative Bakery Holdings. Pilot in Matzikama-Dooringbaai municipality; • Fisheries unit of DAFF approved aquaculture EPWP project for Doringbaai - MOU initiated; • Spatial economic planning framework and guidelines are underdevelopment in consultation with CSIR; • Various projects in the Eastern Cape and Western Cape. 6

  7. Economic Planning andCoordination (3) • Green Economy Strategy and Interventions • Green Jobs report submitted through the IDC; • Engagement with DOE on REIPP program; • Engagement with NT, DRDLR, DPE, DOE on rollout of Solar Water Heaters; • Engagement with Blue IQ to discuss establishment of provincial green economy unit focussing on local economic development and SMME development; and • Workshop with COSATU and Cape Business Chamber. • Prepared concept paper on harnessing partnerships to promote agricultural development for small and medium scale black farmers. 7

  8. Economic Planning andCoordination (4) • Special financing • A total of R2 361 914 000 was disbursed during this quarter: • IDC Distress fund: R184.4 million • UIF Bond: R343.4 million • Transfers to SAMAF: R22.5 million • Transfers to IDC: R17 million • IDC disbursements: R1.8 billion • Leveraging state expenditure and procurement • SABS technical specifications finalised and published for public comment. • Engagements with DFIs and ERBs • Governance – meeting to discuss quarterly reports; • Small business financing merger – reported to PC on 1 February 2012. 8

  9. Economic Developmentand Dialogue (1) • Social dialogue and capacity building engagements: • Training Layoff Scheme and Distress Funding - Implementation of Framework Agreement presentations in KZN, EC, NC and Limpopo; • Meeting with Community Constituency to discuss joint working programme with stakeholders; and • Turn-around strategy for Dimbaza Foundry - presentation in EC. • Economic Development Agreements • Local Procurement Accord signed on 31 October 2011; and • Green Economy Accord signed on 17 November 2011. • Organised labour capacity building • 4 workshops held in KZN, EC, NC and Limpopo. 9

  10. Economic Developmentand Dialogue (2) • Engagements on productivity • Workshop with ILO, Proudly South Africa, Organised Labour and Communities. • Interventions to create or save jobs • Meeting with Clothing Bargaining Council to discuss possible projects and interventions; and • Interactions with Ceppwawu and COSATU and the employer to discuss interventions in light of proposed job cuts in the paper sector. • Engagements with stakeholders • Participation in panel discussion on job creation at Fedusa Congress. 10

  11. Economic Developmentand Dialogue (3) • Implementation of Framework Agreements and Social Pacts • Presentation at ILO / Labour Jobs Pact workshop

  12. ENE targets for 2011/12 (1 of 2) 12

  13. ENE targets for 2011/12(2 of 2) 13

  14. Staff Complement (31/12/2011)

  15. Employment Equity Statistics (31/12/2011)

  16. Recruitment • Strategy and plan in place to recruit relevant and skilled staff by end of the 2011/12 financial year; • Report monthly progress to EA and DG • Progress in 3rd Quarter • 11 x Appointments (3 x permanent and 8 x contract) • 7 x terminations (3 x contract expiry, 1 x transfer, 3 x resignations) • 1 x Posts Advertised (Principal Personnel Officer) • Interviews conducted to fill the following positions: • Economist = 3 posts • Senior Economist = 2 posts • Policy Analyst = 8 posts • Senior Administrative Officer = 1 post • Accounting Clerk = 3 posts • Director : IT = 1 post 17

  17. Financial Performance Overview of Expenditure • The information based on December 2011 IYM reports or section 40(4)of PFMA reports; • Signed by the Accounting Officer and sent to National Treasury; • Total adjusted budget of R 598.3 million for 2011/12 financial year; • Expenditure in the first nine months of 2011/12 is R 449.9 million or 75% of the adjusted appropriation of R 598.3 million; • Spending rate equal to the 75% norm on straight forward projections where annual total budget is expected to be spent equally through the year. 18

  18. Financial Performance 19

  19. Financial Performance Overview of Revenue • Revenue collection in first nine months of 2011/12 is R 500.4 million or 205% of budgeted revenue of R 243 million; • Main revenue generator is fines from penalties from Competition Commission and dividends from IDC; and • Revenue projections exceeded due to Pioneer Food settlement 20

  20. Financial Performance • Commitments As at the end of December 2011 - R4.3 million. • Earmarked Projects / Spending Totaling R36 million for the remainder of the 2011/12 financial year. Including: • Support for a Credit Bureau for small business; • Support for a shared service centre in support of small business; • Business incubator for the social economy; • Costs towards the Khula / samaf / IDC Small Business merger; • A SMME index on regulatory constraints; • A 30-day payment campaign; • Support for a green village pilot project in partnership with the Department of Environmental Affairs; • Wits Capacity Building Programme for Local Government; and • Labour, Government and Civil Society Workshops. 21

  21. Concluding Remarks • 4th Quarter • Good work is being done and in the 4th quarter special attention to be paid to youth unemployment, the Green Economy, Inequality, Implementation of the Accords and special financing. • COP 17 • EDD successfully participated and through the EDD/IDC exhibition stand raised R750 000 for the roll-out of solar water heaters. Donating approximately 500 solar water heaters to the community of Groutville • Establishment of EDD • Progress is being made, but challenges remain in finding people with the correct level of skill to deliver the quality of work required to drive job creation • EDD Website launched [www.economic.gov.za] 22

  22. Siyabonga

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