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PRESENTATION TO PORTFOLIO COMMITTEE ON WATER AFFAIRS AND FORESTRY

PRESENTATION TO PORTFOLIO COMMITTEE ON WATER AFFAIRS AND FORESTRY. Trans-Caledon Tunnel Authority [TCTA]; Water Research Commission [WRC] and Inkomati Catchment Management Agency [ICMA] ANNUAL REPORTS FOR 2007/08 24 October 2008. Silas Mbedzi: Chief Director: Institutional Oversight.

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PRESENTATION TO PORTFOLIO COMMITTEE ON WATER AFFAIRS AND FORESTRY

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  1. PRESENTATION TO PORTFOLIO COMMITTEE ON WATER AFFAIRS AND FORESTRY Trans-Caledon Tunnel Authority [TCTA]; Water Research Commission [WRC] and Inkomati Catchment Management Agency [ICMA] ANNUAL REPORTS FOR 2007/08 24 October 2008 Silas Mbedzi: Chief Director: Institutional Oversight

  2. TCTA: DWAF’s oversight role • DWAF scrutinised TCTA’s AR & assessed the enitity’s performance i.r.o. all its functions against the objectives set out in its Shareholder Compact • DWAF evaluated the FS for 2007/08 & provided TCTA with comprehensive comments & questions • TCTA responded satisfactorily to the above • The Minister noted the content of the AR & approved the tabling thereof in Parliament • TCTA’s AR was tabled on 26 Sept 2008 in ATC No 125

  3. TCTA: Salient detail from FS

  4. TCTA: Salient detail from FS [2] • Unqualified audit • Net deficit reflects a shortfall in interest cover, but debt will be repaid over planned repayment period • Projected cash flow suggests that business is viable & can continue as a going concern • TCTA projects: • LHWP – mostly operation & maintenance • Berg Water Project – recently completed • VRESAP – still under construction • Each project is ring-fenced, with no project having cross default implications to another project

  5. WRC: DWAF’s oversight role • DWAF scrutinised WRC’s AR & evaluated the FS for 2007/08 • DWAF provided WRC with comprehensive comments & questions • The Minister noted the content of the AR & approved the tabling thereof in Parliament • WRC’s AR was tabled on 30 Sept 2008 in ATC No 127 • A meeting between DWAF & WRC officials will be held on 31 Oct ’08 to discuss DWAF’s comments

  6. WRC: Salient detail from FS

  7. WRC: Salient detail from FS [2] • Unqualified audit • Income is mainly derived from water research levies (85%) • Funds successfully obtained from other local & international sources: R13,3 million • 664 students are supported by WRC projects, of whom 65% are from disadvantaged backgrounds

  8. WRC: Salient detail from FS [3] • Research project funds were distributed among Key Strategic Areas as follows: • Water Resource Management 34% • Water-linked Ecosystems 15% • Water Use & Waste Management 25% • Water Utilisation in Agriculture 26%

  9. ICMA: DWAF’s oversight role • DWAF scrutinised ICMA’s AR & assessed the enitity’s performance i.r.o. all its functions against the objectives set out in the Memorandum of Agreement • DWAF evaluated and commented on the FS for 2007/08 • The Minister noted the content of the AR & approved the tabling thereof in Parliament • ICMA’s AR will be tabled at the end of October 2008 • A meeting between DWAF and the ICMA will be arranged to discuss DWAF’s comments

  10. ICMA: Salient detail from FS

  11. ICMA: Salient detail from FS [2] • Unqualified audit • As a newly established entity the ICMA extensively expanded it’s operations • Income is still reflected as grant income as the ICMA has not been delegated the function to bill and collect water use charges • A plan of action with time frames needs to be developed on functions and personnel that still have to be transferred to the CMA

  12. THE END THANK YOU

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