AGRICULTURE, FORESTRY AND FISHERIES MAFISA UPDATE. PRESENTATION TO SELECT COMMITTEE 22 NOVEMBER 2011. MAFISA ALLOCATION AND EXPENDITURE. DISBURSEMENTS PER PROVINCE. NOTES ON MAFISA EXPENDITURE.
PRESENTATION TO SELECT COMMITTEE
22 NOVEMBER 2011
The institutions that have disbursed more than 100% of their allocations are those that have started on-lending from the repayments received
The two institutions that have performed the worst in terms of disbursements are MADC/MEGA and GEP, which incidentally are both SOEs
Both institutions have had challenges ranging from the impact of merger processes to lack of capacity
The department has since resolved to terminate the agreements with the two institutions
SASA is the newest of the institutions to sign the participation agreement with DAFF and hence the relatively low disbursement figures