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06 November 2008

2. PRESENTATION CONTENT. Economic ContextStrategic ObjectivesAchievements, Progress and ChallengesFive-Year Comparison of Budget vs ExpenditureAnalysis of 2007/08 Under ExpenditureAnalysis of current MTEFYTD Expenditure

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06 November 2008

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    2. 2 PRESENTATION CONTENT Economic Context Strategic Objectives Achievements, Progress and Challenges Five-Year Comparison of Budget vs Expenditure Analysis of 2007/08 Under Expenditure Analysis of current MTEF YTD Expenditure 30 September 2008 Conclusion

    3. 3 ECONOMIC CONTEXT Year under review was characterised by a number of challenges: Global slowdown Electricity emergency Increasing interest rates Increasing inflation Increasing food and energy prices Decreasing business and consumer confidence Current account deficit Fiscal Pressure

    4. 4 ECONOMIC CONTEXT The economy proved to be resilient in face of these challenges: Gross Domestic Product (GDP) continued to grow at 5.1% in 2007, and continues to grow in 2008 Exports grew by 24% in 2007 Investment (Gross Fixed Capital Formation ) increased to 21% in 2007 Unemployment fell to 23% in September 2007 Real income per capita increased at 4% per annum Shift from consumer driven to investment driven growth Resilience emphasizes the need to maintain existing policy direction through focus on stronger implementation of identified interventions and increased resourcing The challenge is to identify & implement necessary measures to support the economys positive performance & respond to emerging challenges

    5. 5 STRATEGIC OBJECTIVES Promoting the coordinated implementation of the accelerated and shared growth initiative Promoting direct investment and growth in the industrial and service economy, with particular focus on employment creation Raising the level of exports and promote equitable global trade Promoting broader participation, equity and redress in the economy; and Contributing to Africa's development and regional integration within the NEPAD framework

    6. 6 ACHIEVEMENTS, PROGRESS & CHALLENGES The department is organising its work in terms of the following themes on which the annual report is based:- Industrial development Trade, investment and export Broadening participation Regulation and Administration and co-ordination

    7. 7 ACHIEVEMENTS, PROGRESS & CHALLENGES

    8. 8 ACHIEVEMENTS, PROGRESS & CHALLENGES

    9. 9 ACHIEVEMENTS, PROGRESS & CHALLENGES

    10. 10 ACHIEVEMENTS, PROGRESS & CHALLENGES

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    12. 12 ACHIEVEMENTS, PROGRESS & CHALLENGES

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    15. 15 ACHIEVEMENTS, PROGRESS & CHALLENGES

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    40. 40 ACHIEVEMENTS, PROGRESS & CHALLENGES

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    42. 42 ACHIEVEMENTS, PROGRESS & CHALLENGES

    43. 43 ACHIEVEMENTS, PROGRESS & CHALLENGES

    44. 44 ACHIEVEMENTS, PROGRESS & CHALLENGES

    45. 45 Five year comparison of budget vs expenditure

    46. 46 ANALYSIS 2007/08 UNDER EXPENDITURE Under-expenditure in 2007/08 occurred in mainly in the following areas for which roll-overs have been approved:

    47. 47 ANALYSIS OF CURRENT MTEF On average, the allocation of the current budget over the MTEF period is as follows: 47% to transfer payments made up of:- Agencies - 24% IDZs - 15% Other - 8% 34% to incentive payments 7% to the compensation of employees 12% for goods and services, of which 9% is already committed.

    48. 48 YTD Expenditure 30 September 2008

    49. 49 CONCLUSION In conclusion

    50. 50 CONCLUSION In conclusion

    51. 51 CONCLUSION In conclusion

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