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Economic Development 1 st and 2 nd quarterly report

Economic Development 1 st and 2 nd quarterly report. Presentation to the Portfolio Committee 11 October 2011. Presentation outline. 1 st quarter performance 2 nd quarter performance Progress against ENE targets Corporate services Financial performance Concluding remarks. 2.

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Economic Development 1 st and 2 nd quarterly report

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  1. Economic Development 1st and 2nd quarterly report Presentation to the Portfolio Committee 11 October 2011

  2. Presentation outline • 1st quarter performance • 2nd quarter performance • Progress against ENE targets • Corporate services • Financial performance • Concluding remarks 2

  3. 1st quarter performance 3

  4. Economic Policy Development (1) • Guide created for employment reporting for provinces • Report on employment submitted to the July 2011 Cabinet Lekgotla • Employment trends • Progress in relation to employment drivers • Departmental reports on employment creation • Progress in implementing Outcome 4 • A template for employment reporting for state departments and agencies was developed in collaboration with DPME and the ILO 4

  5. Economic Policy Development (2) • Economic Development Conference held • Conference held in Johannesburg on 30-31 May 2011 • Panel discussions focused on New Growth Path • Attended by Cabinet Ministers, senior officials, academics, leaders of industry, labour movements and civil society organisations • Set a standard of rigorous and well-informed engagement by policymakers and key stakeholders • Draft discussion document on alignment of B-BBEE with NGP 5

  6. Economic Planning andCoordination (1) • Engagements with provincial and local government • Ekurhuleni Metro – alignment with NGP • Ethekwini Metro – discussion on NGP • Gauteng Economic Development Department – presentation on the NGP and follow-up session on the province’s priority projects • Mpumalanga Provincial Government Department of Economic Development, Environment and Tourism – discussion on draft Growth and Development Plan • Lekwa Local Council – land tenure, bulk infrastructure • Technical MinMec to prepare for MinMec • MinMec on NGP, IPAP2, IDZs, Khula Direct, IDC engagements with provinces • Technical MinMec on employment impact reporting 6

  7. Economic Planning andCoordination (2) • Sector plans • Assessment of infrastructure sector for Lekgotla report • Assessment of the agricultural value chain for Lekgotla report • Spatial plans • Presidential Intervention Initiative King Sabata Dalindyebo (KSD) Municipality • Commented on Socio-Economic Development Strategy re alignment with NGP • Deputy President’s Anti-Poverty Campaign • Reviewed N Cape PGDS and IDP of Renosterberg Local Municipality and identified key interventions • Review of the Standerton (Lekwa Municipality) area • to assess establishment of soyabean and sunseed oil crushing plant • Spatial action plan for Doringbaai-Matzikamma Municipality • Faciliting assistance to Noordebaai Vissers and RiseUp Bakery Holdings 7

  8. Economic Planning andCoordination (3) • Engagements with DFIs and ERBs • The Minister held a meeting with the IDC to review their financial results and performance • The DG hosted an all-day workshop with representatives of IDC, Khula and samaf to discuss the merger of the three institutions • Quarterly reporting meeting with DFIs and ERBs • Small business merger • Overview document produced • Due Diligence and Business Case moved to second quarter • Engagements with SOEs and PIC • Meeting with PIC on investment instrument, financial models and optimising existing savings and attracting new investments for development 8

  9. Economic Planning andCoordination (4) • Special financing • IDC distress fund allocated R148.7 million saving or creating 4087 jobs • Transfers to DFIs: R63,2 million • IDC disbursed R1.3 billion in 4th quarter 2010/11 • Leveraging state expenditure and procurement • Work with the dti on the sector designation process • Meeting held with SABS on technical specifications • Consultative forums on African regional development • Attended SADC-EAC-COMESA Tripartite Summit held in June 2011 • Regional communities initiated discussion on establishment of a Tripartite Free Trade Agreement 9

  10. Economic Developmentand Dialogue (1) • Social dialogue and capacity building engagements • Presented on skills development to Home Affairs forum on foreign skills • Workshop with Metals and Engineering Bargaining Council • Meeting with IDC managers on Training Layoff Scheme • Economic Development Agreements • Agreement on skills and cluster development with the Western Cape Furniture initiative • Organised labour capacity building • Scoping workshop on the implementation of a Technical Assistance Programme held 10

  11. Economic Developmentand Dialogue (2) • Research reports on productivity • Desk-top research was undertaken and resulted in the development of a draft productivity concept paper • Interventions to create or save jobs • Isithebe Plan – assisting a garment factory in KZN • Engagements with stakeholders • Training Layoff Scheme Task Team met to discuss implementation of new arrangements for the scheme 11

  12. 2nd quarter performance 12

  13. Economic PolicyDevelopment (1) • Employment impact reports generated for clusters and provinces • Work initiated on discussion paper on an economic development index • Discussion document on sectoral methodology to support employment creation initiated • Delays due to failure to fill relevant positions – headhunting underway • Discussion document to be finalised by January 2012 • Work commissioned on alignment of B-BBEE with NGP • Business plan for Economic Development Institute under development 13

  14. Economic PolicyDevelopment (2) • Discussion document on youth employment drafted • Discussion document on gender policy • Detailed outline and analysis of data completed • Reporting framework on income inequality • Initial presentation developed • Support for the Academy on the Social Economy • Paper on cooperatives finalised • Assessment of pay increases and structure • Conference on Ownership, Class and Inequality held with Friedrich Ebert Stiftung and Studies in Poverty and Inequality Institute 14

  15. Economic Planning andCoordination (1) • Engagements with provincial and local govt • Engaged with North West and Limpopo on alignment with the NGP and unblocking projects • Green Economy meeting with Western Cape Department of Economic Development and Tourism and City of Cape Town • Spatial plans • Draft Framework for the Revitalisation of Atlantis completed • Doringbaai Aquaculture Project facilitated • Initiatives in support of the KSD municipality • Sector plans • Analysis of Eastern Cape Auto Industry • Steel options developed 15

  16. Economic Planning andCoordination (2) • Strategic engagements with DFIs and ERBs • Quarterly reporting meeting with DFIs and ERBs • Steering Committee meeting on the merger • DG engagement with staff of Khula and samaf • Minister met with Acting Chairs of IDC and Khula • EDD hosted a consultative workshop with clients of Khula and samaf • Small business merger • Draft business case prepared • Technical due diligence submitted • Risk Assessment Report prepared 16

  17. Economic Planning andCoordination (2) • Distress fund • IDC allocated R107.1m to 4 companies saving or creating 610 jobs • Transfers to DFIs: R54,7 million • IDC disbursed R2.2 billion in 1st quarter 2011/12 • Leveraging state expenditure and procurement • SABS working group finalised the technical specification on local content • Participated in MTEC process and made recommendations on the national budget • Developed and consulted on Accord on Local Procurement • Developed and consulted on Accord on Green Economy • Participated in task team on implementation of Skills Accord • Green economy • Established task team on the implementation of government’s commitment to install 1m solar water heaters by 2014/5 • Contributed to government’s work on biofuels • Participated in preparations for COP17 17

  18. Economic Developmentand Dialogue (1) • Social dialogue and capacity building • Visits to 8 PE factories to evaluate competitiveness • Meeting with Social Partners on Green Economy • NGP social dialogue meetings held on 13 July and 26 August • Draft Accords on Enterprise Development, Green Economy and Local Procurement • Updates on implementation of Skills and Basic Education Accords • Economic development agreements signed 13 July • National Accord on Skills • National Accord on Basic Education • Sector and workplace social dialogue • Met with Western Cape Economic Development and Tourism Department on MOU with Employment Creation Fund • Participated in meeting on revitalising the clothing and textile industry in the Free State 18

  19. Economic Developmentand Dialogue (2) • National and sectoral engagements on productivity • Discussed the development of a National Productivity Accord with COSATU • Held similar sessions with FEDUSA and NACTU • Discussions took place with BUSA and Community constituencies • Developed MOU with Productivity SA • Framework for South Africa’s Response to the International Economic Crisis • Distress fund has committed approximately R3,9 billion to 98 companies saving and/or creating 35 846 jobs • 8054 workers have benefited from the Training Layoff Scheme and a total of R64,9 million was allocated to 35 companies. • Intervention to create or save jobs • Visit to Eastern Cape non-auto manufacturing sector on 25-27 July with provincial department 19

  20. ENE targets for 2011/12 (1 of 2) 20

  21. ENE targets for 2011/12(2 of 2) 21

  22. Staff complementat 30 September

  23. Recruitment process • Advertisement of posts: - 3 Deputy Director General posts • Interviews held in the last 2 quarters include the filling of positions for the following posts: - Dialogue Specialist – 2 appointments finalised - Sector Specialist – 1 appointment finalised, 2 being considered - Economic Planner – 2appointments finalised, 3 being considered - Economic & Statistical Modeller – interviews held and no suitable candidate found - Policy Analyst – appointments in progress - Registry Clerk – appointment in progress - Senior Personnel Officer – 1 appointment finalised • Recruitment Strategies : - The Department has embarked on a headhunting process to attract relevant skilled staff 23

  24. Financial Performance • Overview of Expenditure • The information is based on September 2011 IYM reports or section 40(4)of PFMA reports • Total budget of R 594.5 million for 2011/11 financial year • Expenditure in the first six months of 2011/12 is R 266 million or 45% of the main appropriation of R 594.5 million • Spending hampered by slow filling of posts owing to challenges of scarce skills in the economic sector 24

  25. Financial Performance 25

  26. Siyabonga

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