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FINANCE AND ADMINISTRATION

FINANCE AND ADMINISTRATION. Section 21 company (company’s act) Board of Directors Limited life span (2 years) Schedule 3 public entity Established through National Legislation Substancially funded – national revenue fund Accountable to parliament

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FINANCE AND ADMINISTRATION

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  1. FINANCE AND ADMINISTRATION

  2. Section 21 company (company’s act) Board of Directors Limited life span (2 years) Schedule 3 public entity Established through National Legislation Substancially funded – national revenue fund Accountable to parliament PFMA compliance (esp chapter 6) – over and above coy’s act Finance Overview

  3. Best goods and services At best prices PEOPLE – affirmative procurement PLANET – sound environmental practices PROSPERITY – EMPOWERMENT and Sustainable Development Procurement Processes

  4. Transparent Fair Equitable Competitive Cost effeciency and delivery capacity (Short Lead Time) Procurement Processes

  5. Accountability Management Board Audit Procurement Compliance

  6. First attempt at costing functional needs Strategic planning Johannesburg World Summit Budget - Background

  7. Three scenarios presented Represent different levels of achievement Johannesburg World Summit Budget Requirements

  8. Johannesburg World Summit Budget Requirements – Scenario 1 PU CDS Process (DFA) 5.63 1.1%

  9. Johannesburg World Summit Budget Requirements – Scenario 1 • Optimal solution • Achieve all objectives set by South African Government • Summit activities optimised

  10. Johannesburg World Summit Budgetary Requirements - Scenario 2

  11. Johannesburg World Summit Budgetary Requirements - Scenario 2 • Non workable option • Summit costs at R183.08 million represents only 41,3% of optimal solution • Core activities un-funded (accommodation, venues, security, IT, public affairs and marketing and communication) • JOWSCO incapacitated !

  12. Johannesburg World Summit Budgetary Requirements - Scenario 3

  13. Response to non-workable option as portrayed in scenario 2 Lean solution Hosting of Summit will happen (facilitates basic needs) Wider objectives of South African Government forfeited Repositioning the country and continent in global economic relations Cultivate and promote a favourable and positive image of South Africa - WOW Effect ! IT infrastructure purely basic (R60 million verses R120 million) Commitment of government agencies to bridge gaps will be critical Johannesburg World Summit Budgetary Requirements - Scenario 3

  14. Government contributions Donor funding Corporate partnerships Patrons of goodwill Johannesburg World Summit Funding - 4 Basic Sources

  15. Johannesburg World Summit Funding - Government Contributions

  16. Two round-table discussions held to-date Indicative contributions of R45 million committed (subject to approval by principals) Total to be raised set at a max of R100 million United Kingdom and German governments approached at Ministerial level (both highly positive) Johannesburg World SummitFunding - Donor Funding

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