Delivering the DPE Budget Vote Speech before the
The build programme is
The DPE's CSDP, which was launched in 2007, ensures that key SEOs systematically plan and execute their procurement programmes to stimulate investment in plant, skills and technology, as well as the development of new capabilities in new suppliers to promote growth and industrialisation of the economy.
The proposed budget for the 2014/15 fiscal year is R259.8 million, with the two outer medium term expenditure framework (MTEF) years being R279.3 million and R285.6 million respectively.
Minister Brown said 547 contracts, worth R5.6 billion, were awarded as part of Eskom's capital expansion programme. Of this, R3.1 billion was committed to local content.
In the 2013/14 financial year, Transnet achieved 92% of local content procurement as a percentage of total spend against an annual target of 70%. Additionally, Transnet's B-BBEE spend amounted to 94% of total measurable procurement spend against a 70% target.
In the same reporting period, the companies collectively committed to enrol 2 764 new artisan trainees, in line with the National Skills Accord.
Between 2014/15 and 2018/19, the SEOs that fall within the DPE portfolio will collectively enrol more than 30 000 new learners in various scarce and critical skills occupations.
The DPE is also set to conclude consultations on the remuneration standards for board of directors and executive directors to ensure that their remuneration packages are linked to the achievement of targets contained in the shareholder compacts.
Minister Brown will also finalise the Shareholder Management Bill, which will embed the shareholder management practices that have been developed by the DPE over time.
Most Popular Stories
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- U.S. Home Price Gains Slow for 6th Month in a Row
- Merck Profit More Than Doubles in Q2
- Sutherland Responds to 'Unprofessional' Jibe
- Is California Going to Land Tesla's Battery Plant?
- U.S. Consumer Confidence at Strongest Since 2007
- Twitter's Stock Rises on Stellar Revenues
- Business Leaders Set for CHCC Convention
- Beyonce Seen Apartment Shopping in NYC Without Jay Z