DOCSLIB.ORG

Final Report 31 January 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Final Report 31 January 2014 Public Expenditure and Financial Accountability Assessment PEFA Report Republic of South Africa Western Cape Province Final Report 31 January 2014 Acknowledgments This assessment of the public financial management in Western Cape, South Africa made use of the PEFA performance measurement framework. The PEFA assessment of the Western Cape Province was conducted between October and November 2013 and is based on information covering the period April 2010 to March 2013. The assessment was based on the scope of work defined by the National Treasury. Numerous meetings and discussions have been held with Western Cape Provincial Treasury led by its head, Dr Johan Stegmann , supported by a facilitation team of senior managers (Ms Analiese Pick, Ms Julinda Gantana and Marcia Korsten), and CFOs of the WCDOH, Human Settlements and Housing, Education, Health, Economic Development and Tourism and head of assurance under the Premier’s Office. Dr Stegmann not only attended the key meetings, but availed himself to resolve key challenges. His support and that of his staff was instrumental in the successful completion of the assessment. Special mention is made of Chris Adams from the National Treasury who helped and facilitated the team to secure appointments and obtain key information for the assessment. Page ii List of abbreviations and acronyms AccGen Accountant-General AG Auditor-General AFROSAI Africa Organisation of Supreme Audit Institution AGA Autonomous government agencies AO Accounting officer ASB Accounting Standards Board BAS Basic accounting system B-BBEEA Broad-Based Black Economic Empowerment Act BC Budget council BIU Business intelligence unit BO Budget office BS Budget support COMAF Communication of audit findings CC Commitment control CFI Consolidated financial information CFO Chief financial officer COFOG Classifications of the functions of government CPI Consumer price index DDG Deputy director-general DE Department of Education DG Director-general DH Department of Health DHS Department of Human Settlements DORA Division of Revenue Act DORB Division of Revenue Bill DPW Department of Public Works DOT Department of Transport EPRE Estimates of provincial revenue and expenditure FFC Financial and Fiscal Commission FMIP Financial management improvement programme FY Fiscal year GDP Gross domestic product GFS Government financial statistics GFSM Government financial statistics manual GNI Gross national income GRAP Generally Recognised Accounting Practice HDI Human development index HOD Head of department, also referred to as accounting officer HR Human resources IA Internal audit ICT Information and communications technology ID Identification document IDASA Institute for Democracy in South Africa IDC International development cooperation IFMIS Integrated financial management information systems IGR Intergovernmental relations (Division) IIA Institute of Internal Auditors IMF International Monetary Fund INTOSAI International Organisation of Supreme Audit Institutions ISA International Standards on Auditing JBC Joint budget committee LG Local government MCB Ministers’ committee on budget MEC Member of the executive council Page iii MF Minister of Finance MFMA Municipal Finance Management Act MTBPS Medium-term budget policy statement MTEC Medium-term expenditure committee MTEF Medium-term expenditure framework NA National Assembly NCOP National Council of Provinces NDM National department minister NDP National Development Plan NRF National revenue fund NT National Treasury ODA Official development assistance OMA Offices, ministries, agencies OSD Occupational specific dispensation OTP Office of the Premier PAA Public Audit Act PAIA Promotion of Access to Information Act PARC Provincial audit and risk committee PCF Portfolio committee on finance PE Public entity PEFA Public expenditure and financial accountability PETS Public expenditure tracking survey PF Public finance PFM Public finance management PFM PMF Public finance management performance management Framework PFMA Public Finance Management Act PI Performance indicator PIAS Provincial internal audit services PPP Public private partnership PRF Provincial revenue fund PT Provincial treasury PU Procurement unit RDP Reconstruction and Development Programme S&T Subsistence and travel SA South Africa SACCI South African Chamber of Commerce and Industry SACU Southern African Customs Union SADC Southern African Development Community SARB South African Reserve Bank SARS South African Revenue Service SASAMS South African school administration and management system SBS Sector budget support SCM Supply chain management SCOPA Standing committee on public accounts SEIFSA Steel and Engineering Industries Federation of South Africa SITA State Information and Technology Agency SMME Small, medium and micro enterprise SNG Sub-national government SOE State-owned enterprise TOR Terms of reference TSA Treasury single account VAT Value Added Tax WCDOH Western Cape Department of Health WCPG Western Cape provincial government ZAR South African Rand Page iv Table of contents Summary assessment ................................................................................................... 1 1. Integrated assessment of PFM performance ........................................................................... 1 2. PEFA performance indicators ................................................................................................... 5 1. Introduction ........................................................................................................... 6 1.1 Objective ...................................................................................................................................... 6 1.2 Process ........................................................................................................................................ 6 1.3 Scope ........................................................................................................................................... 6 2 Background information ............................................................................................ 7 2.1 Western Cape province: Socio-economic background .......................................................... 7 2.2 Allocation of resources and budgetary outcomes .................................................................. 7 2.3 Legal and institutional framework of PFM ............................................................................. 10 3. Assessment of the PFM systems, processes and institutions ....................... 19 3.1 Credibility of the budget .......................................................................................................... 19 HLG1 Predictability of transfers from a higher level of government ............................................. 19 PI-1 Aggregate expenditure out-turn compared to original approved budget ............................ 21 PI-2 Composition of expenditure out-turn compared to original approved budget .................... 22 PI-3 Aggregate revenue out-turn compared to original approved budget .................................. 24 PI-4 Stock and monitoring of expenditure payment arrears ....................................................... 25 3.2 Comprehensiveness and transparency ................................................................................. 27 PI-5 Classification of the budget ................................................................................................. 27 PI-6 Comprehensiveness of information included in budget documentation ............................. 29 PI-7 Extent of unreported government operations ..................................................................... 32 PI-8 Transparency of inter-governmental fiscal relations ........................................................... 34 PI-9 Oversight of aggregate fiscal risk from other public sector entities .................................... 37 PI-10 Public access to key fiscal information ............................................................................... 40 3.3 Policy-based budgetting .......................................................................................................... 42 PI-11 Orderliness and participation in the annual budget process .............................................. 42 PI-12 Multi-year perspective in fiscal planning expenditure policy and budgeting ....................... 44 Predictability and control in budget execution ................................................................................ 47 PI-13 Transparency of taxpayer obligations and liabilities ........................................................... 47 PI-14. Effectiveness of measures for taxpayer registration and tax assessment ..................... 51 PI-15 Effectiveness in the collection of tax payments.(M1).......................................................... 53 PI-16 Predictability in the availability of funds for commitment of expenditures .......................... 55 PI-17 Recording and management of cash balances debt and guarantees ................................ 58 PI-18 Effectiveness of payroll controls ......................................................................................... 60 PI-19 Transparency competition and complaints mechanisms in procurement........................... 63 PI-20 Effectiveness of internal controls for non-salary expenditure ............................................. 69 PI-21 Effectiveness of internal audit ............................................................................................
Load more

Recommended publications
  • National Road N12 Section 6: Victoria West to Britstown
    STAATSKOERANT, 15 OKTOBER 2010 NO.33630 3 GOVERNMENT NOTICE DEPARTMENT OF TRANSPORT No. 904 15 October 2010 THE SOUTH AFRICAN NATIONAL ROADS AGENCY LIMITED Registration No: 98109584106 DECLARATION AMENDMENT OF NATIONAL ROAD N12 SECTION 6 AMENDMENT OF DECLARATION No. 631 OF 2005 By virtue of section 40(1)(b) of the South African National Roads Agency Limited and the National Roads Act, 1998 (Act NO.7 of 1998), I hereby amend Declaration No. 631 of 2005, by substituting the descriptive section of the route from Victoria West up to Britstown, with the subjoined sheets 1 to 27 of Plan No. P727/08. (National Road N12 Section 6: Victoria West - Britstown) VI ~/ o8 ~I ~ ~ ... ... CD +' +' f->< >< >< lli.S..E..I VICTORIA WEST / Ul ~ '-l Ul ;Ii; o o -// m y 250 »JJ z _-i ERF 2614 U1 iii,..:.. "- \D o lL. C\J a­ Q:: lL. _<n lLJ ~ Q:: OJ olLJ lL. m ~ Q:: Q) lLJ JJ N12/5 lL. ~ fj- Q:: ~ I\J a DECLARATION VICTORIA lLJ ... ... .... PLAN No. P745/09 +' a REM 550 +' :£ >< y -/7 0 >< WEST >< 25 Vel von stel die podreserwe voor von 'n gedeelte Z Die Suid Afrikoonse Nosionole Podogentskop 8eperk Die figuur getoon Sheet 1 of 27 a represents the rood reserve of 0 portion ~:~:~:~: ~ :~: ~:~:~:~:~:~ The figure shown w The South African Notional Roods Agency Limited ........... von Nosionole Roete Seksie 6 Plan w :.:-:-:-:.:.:-:.:-:-:.: N12 OJ of Notional Route Section P727108 w a D.O.9.A • U1 01 o II') g 01' ICTORIA0' z "­ o o (i: WEST \V II> ..... REM ERF 9~5 II') w ...
    [Show full text]
  • Flower Route Map 2017
    K o n k i e p en w R31 Lö Narubis Vredeshoop Gawachub R360 Grünau Karasburg Rosh Pinah R360 Ariamsvlei R32 e N14 ng Ora N10 Upington N10 IAi-IAis/Richtersveld Transfrontier Park Augrabies N14 e g Keimoes Kuboes n a Oranjemund r Flower Hotlines O H a ib R359 Holgat Kakamas Alexander Bay Nababeep N14 Nature Reserve R358 Groblershoop N8 N8 Or a For up-to-date information on where to see the Vioolsdrif nge H R27 VIEWING TIPS best owers, please call: Eksteenfontein a r t e b e e Namakwa +27 (0)72 760 6019 N7 i s Pella t Lekkersing t Brak u Weskus +27 (0)63 724 6203 o N10 Pofadder S R383 R383 Aggeneys Flower Hour i R382 Kenhardt To view the owers at their best, choose the hottest Steinkopf R363 Port Nolloth N14 Marydale time of the day, which is from 11h00 to 15h00. It’s the s in extended ower power hour. Respect the ower Tu McDougall’s Bay paradise: Walk with care and don’t trample plants R358 unnecessarily. Please don’t pick any buds, bulbs or N10 specimens, nor disturb any sensitive dune areas. Concordia R361 R355 Nababeep Okiep DISTANCE TABLE Prieska Goegap Nature Reserve Sun Run fels Molyneux Buf R355 Springbok R27 The owers always face the sun. Try and drive towards Nature Reserve Grootmis R355 the sun to enjoy nature’s dazzling display. When viewing Kleinzee Naries i R357 i owers on foot, stand with the sun behind your back. R361 Copperton Certain owers don’t open when it’s overcast.
    [Show full text]
  • Tourism Investment Opportunities
    www.sanparks.org CONTACT US Annemi van Jaarsveld Head: Business Development Unit – Tourism Division (Acting) South African National Parks PO Box 787, Pretoria, 0001 Tel: +27-12-426-5027 | Fax: +27-12-343-3849 E-mail: [email protected] TOURISM INVESTMENT OPPORTUNITIES A SUSTAINABLE NATIONAL PARK SYSTEM CONNECTING TO SOCIETY FOREWORD MINISTER OF ENVIRONMENTAL AFFAIRS he hosting of this first Tourism Investment Summit by the South African National Parks – a Department of Environmental Affairs public entity – is a clear demonstration of the government’s commitment to Tturning radical socio-economic transformation into real action. It is well known that the development of the tourism sector is one of government’s key priorities as encapsulated in the National Development Plan (NDP). The NDP calls for emphasis to be placed on increasing the number of tourists entering South Africa, making doing business with South Africa easier to attract more business travellers, as well as promoting the Southern African region as an international tourism destination by emphasising the broader biodiversity of the region as a tourism product. We continue to focus our efforts on harnessing the potential of this sector, not only for our country’s GDP growth, but also for skills development and job creation in the tourism sector. We are committed to ensuring that there is a balance between economic growth and environmental sustainability. In 2016, over 10 million tourist arrivals were recorded in South Africa, a 13% increase from 2015. The sector accounted for 4.5% of total employment in 2015. There are over 700 000 jobs in the tourism sector, and we can improve these numbers only if private and public interest support each other.
    [Show full text]
  • ANALYSIS Triangulating Transformation Civil Societyinsouthafrica Poverty, Socialsecurityand Basic Socialsecurityicasestudy Imprint
    03 Basic Social Security I Case Study ANALYSIS Poverty, Social Security and Civil Society in South Africa Triangulating Transformation Imprint Published by: Diakonisches Werk der EKD e.V. for „Brot für die Welt“ Stafflenbergstraße 76 D-70184 Stuttgart Phone: ++49 (711) 2159-0 Fax: ++49 (711) 2159-288 E-Mail: [email protected] www.brot-fuer-die-welt.de Author: Isobel Frye, Studies in Poverty and Inequality Institute, 108 Fox Street, Johannesburg, South Africa Editorial Staff: Mechthild Schirmer, Sabine Schlecht, Dr. Klaus Seitz Layout: Jörg Jenrich Responsible: Thomas Sandner Cover Photo: Gerd-Matthias Hoeffchen Printing: Art. Nr.: 121 319 010 Printed on recycled paper Stuttgart, December 2008 Poverty, Social Security and Civil Society in South Africa Triangulating Transformation Isobel Frye (Studies in Poverty and Inequality Institute) Contents Tables and Overviews Terms Abbreviations Preface 11 1 Introduction 12 2 Setting the scene – levels of poverty, inequality and unemployment in South Africa 14 2.1 Access to income 15 2.2 Inequality 16 2.3 Life expectancy 17 2.4 Access to housing 17 2.5 Access to water 18 2.6 Access to sanitation 18 2.7 Literacy and matric pass rates 19 2.8 Health 19 2.8.1 Malnutrition 19 2.8.2 HIV/AIDS 19 2.8.3 TB 20 2.8.4 Malaria 20 2.9 Unemployment 20 2.9.1 Number of unemployed people in South Africa 21 2.9.2 Length of unemployment 22 2.9.3 The face of unemployment 22 2.9.4 Provincial overview 22 2.9.5 Are jobs decent jobs? 23 2.9.6 Formal/informal sector jobs 23 2.10 Salaries/wages 23 2.11 Conditions
    [Show full text]
  • Adjusted Estimates of National Expenditure
    2020 AENE Adjusted Estimates of National Expenditure Adjusted Estimates of National Expenditure 2020 ISBN: 978-0-621-48780-0 RP: 314/2020 The Adjusted Estimates of National Expenditure 2020 is compiled with the latest available information from departmental and other sources. Some of this information is unaudited or subject to revision. Published by the National Treasury To obtain copies, please contact: Communications Directorate National Treasury Private Bag X115 Pretoria 0001 South Africa Tel: +27 12 315 5944 Fax: +27 12 406 9055 The Adjusted Estimates of National Expenditure 2020 is also available at www.treasury.gov.za Printed by ABC Printers (Pty) Ltd Adjusted Estimates of National Expenditure 2020 National Treasury Republic of South Africa October 2020 Contents Introduction ............................................................................................................................... i Information contained in each chapter................................................................................... xvii Vote 1: The Presidency .......................................................................................................... 1 Vote 2: Parliament .................................................................................................................. 9 Vote 3: Cooperative Governance ........................................................................................... 11 Vote 4: Government Communication and Information System .............................................. 23 Vote 5: Home
    [Show full text]
  • Mix Telematics Announces Financial Results for Fourth Quarter and Full Fiscal Year 2017
    Published on A global provider of Vehicle Tracking | Fleet Management | Driver Safety - MiX Telematics (https://investor.mixtelematics.com) on 5/25/17 6:00 am EDT MiX Telematics Announces Financial Results for Fourth Quarter and Full Fiscal Year 2017 Release Date: Thursday, May 25, 2017 6:00 am EDT Terms: Dateline City: MIDRAND, South Africa References in this announcement to “R” are to South African Rand and references to “U.S. Dollars” and “$” are to United States Dollars. Unless otherwise stated MiX Telematics has translated U.S. Dollar amounts from South African Rand at the exchange rate of R13.4124 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at March 31, 2017. Highlights: Fourth quarter fiscal 2017: Net subscriber additions of 16,700 Subscription revenue of R322 million ($24 million), ahead of guidance Adjusted EBITDA of R87 million ($7 million), representing a 22% Adjusted EBITDA margin Operating profit of R41 million ($3 million), representing a 10% margin Net cash from operating activities of R129 million ($10 million) Fiscal year 2017: Net subscriber additions of over 55,800 bringing the total to over 622,000 subscribers at March 31, 2017, an increase of 10% year over year Subscription revenue of R1,240 million ($92 million), ahead of guidance Adjusted EBITDA of R302 million ($22 million), representing a 20% margin and ahead of guidance. Reported Adjusted EBITDA margins have improved over the course of fiscal 2017 and were as follows: Q1 2017 15.9%, Q2 2017 18.0%, Q3 2017 21.9% and Q4 2017 22.3%.
    [Show full text]
  • Improved Performance from South Africa Region
    Improved performance from South Africa region JOHANNESBURG. 23 August 2012, Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the June quarter of R1,606 million compared with R2,082 million in the March quarter and R1,267 million in the June 2011 quarter. In US dollar terms net earnings for the June quarter were US$198 million, compared with US$268 million in the March quarter and US$186 million in the June 2011 quarter. June 2012 quarter salient features: Group attributable equivalent gold production of 862,000 ounces; Total cash cost of US$851 per ounce and NCE of US$1,308 per ounce; Operating margin of 47 per cent and NCE margin of 18 per cent; Good progress made on South Deep project; and Stabilisation of production output at KDC. Interim dividend of 160 SA cents per share is payable on 17 September 2012. Statement by Nick Holland, Chief Executive Officer of Gold Fields: “During the quarter, the Group’s safety drive experienced a serious setback when five of our colleagues tragically lost their lives after an underground fire broke out at the Ya Rona shaft at KDC West. The cause of the fire, which started in an old worked-out part of the shaft that had been closed for many years, remains unknown. The fire has since been extinguished with no evident damage to existing working areas. The balance of the September quarter will be focused on flushing out noxious gases and ensuring a safe and healthy environment to recommence operations in Q4 2012.
    [Show full text]
  • NSA (New South Africa Crag)
    POMPIE’S PILLAR LEGAL NOTE: All climbing is very dangerous & always at your own risk. Nobody is forcing you to climb. You choose to climb, so choose to go home before the risks become too high. Remember even small injuries can take 6 weeks to heal. No responsibility for inaccurate or incomplete information will be accepted by the scribe or Mountain Club of South Africa. The landowners accept no liability at all. Climbers take full responsibility for themselves at all times. Fixed protection will become unreliable, loose rock is common, solid rock becomes loose & RD writers make up most of the information, with a beer, at the computer. This RD is only a guide & is no substitute for experience, training, common sense & a touch of caution. So you are on your own…take care! EASTERN CAPE CLIMBING VENUES Port Elizabeth 30 Coombs Gorge 37 EL urban crags & boulders Toorberg Swartberg 1 Lady's Slipper Amatolas 38 Yellowsands & Inkwenkwezi 44 Graff-Reinet 49 Towerkop 2 Van Stadens 31 Fort Fordyce 39 Lalapanzi 45 Compassberg 50 Oudtshoorn 3 PE urban crags & boulders 32 Hogsback 40 Morgan Bay Transkei 51 Gamkaskloof Bouldering 4 Sleepy Hollow 33 Stutterheim 41 Bola 46 Hole in the Wall 5 Elands River Langkloof Winterberg 47 Hill of Execution 6 Kirkwood 19 Nguniland 42 Mary & Martha 48 Port St Johns 7 Cape St Francis 20 Kouga Wildernes 43 Hangklip Groot Winterhoek 21 Uniondale Pass Garden Route 8 Tygerhoek Aliwal North 9 Naga's Kloof 22 Titzikama N2 10 Eagle Gorge 23 Groot Rivier 11 Momentum Gorge 24 Plett Crags 12 Pinnacle Gorge East London Mthatha
    [Show full text]
  • South African Numbered Route Description and Destination Analysis
    NATIONAL DEPARTMENT OF TRANSPORT RDDA SOUTH AFRICAN NUMBERED ROUTE DESCRIPTION AND DESTINATION ANALYSIS MAY 2012 Prepared by: TITLE SOUTH AFRICAN NUMBERED ROUTE DESCRIPTION AND DESTINATION ANALYSIS ISBN STATUS DOT FILE DATE 2012 UPDATE May 2012 COMMISSIONED BY: National Department of Transport COTO Private Bag x193 Roads Coordinating Body PRETORIA SA Route Numbering and Road Traffic 0001 Signs Committee SOUTH AFRICA CARRIED OUT BY: TTT Africa Author: Mr John Falkner P O Box 1109 Project Director: Dr John Sampson SUNNINGHILL Specialist Support: Mr David Bain 2157 STEERING COMMITTEE: Mr Prasanth Mohan Mr Vishay Hariram Ms Leslie Johnson Mr Schalk Carstens Mr Nkululeko Vezi Mr Garth Elliot Mr Msondezi Futshane Mr Willem Badenhorst Mr Rodney Offord Mr Jaco Cronje Mr Wlodek Gorny Mr Richard Rikhotso Mr Andre Rautenbach Mr Frank Lambert [i] CONTENTS DESCRIPTION PAGE NO 1. INTRODUCTION ......................................................................................................................... xi 2. TERMINOLOGY .......................................................................................................................... xi 3. HOW TO USE THIS DOCUMENT .......................................................................................... xii ROUTE DESCRIPTION – NATIONAL ROUTES NATIONAL ROUTE N1 .............................................................................................................................. 1 NATIONAL ROUTE N2 .............................................................................................................................
    [Show full text]
  • Background Information Document for the Basic Assessment And
    Background Information Document for the Basic Assessment and Environmental Impact Assessment of the Proposed Development of 4 Wind Energy Projects by InnoWind near (Pty) Limited Swellendam, Heidelberg, Albertinia and Mossel Bay in the Western Cape Province INTRODUCTION Phase 2 includes approximately 70 turbines InnoWind (Pty) Limited is a South Africa- (10 near Swellendam, 10 near Heidelberg, based renewable energy generator that 6 near Albertinia and 44 near Mossel Bay) develops, finances, builds, operates and turbines of approximately 3 MW each and is maintains commercial wind-powered the subject of a full EIA. The DEA reference generation facilities. InnoWind's develop- number for the EIA is 12/12/20/1815. ment and operating expertise has been acquired through its French-based sister The purpose of this Background Information company, InnoVent (www.innovent.fr ), Document (BID) is to provide interested and which has ten years of operating experience affected parties (I&APs) with information on in wind energy. InnoWind is proposing to both the Basic Assessment and EIA pro- establish four commercial wind energy cesses currently being conducted by CSIR on projects near the towns of Swellendam, behalf of InnoWind. Heidelberg, Albertinia and Mossel Bay in the Western Cape Province. The InnoWind NEED FOR THE PROJECT project is being developed in two phases: The intention of this project is to generate Phase 1 includes one temporary wind additional electricity that will feed into the monitoring mast (except Mossel Bay which national grid by installing 4 wind farms with will have two) and a single turbine of a maximum capacity of between 18 and 132 approximately 2.3 to 3 MW at each site (i.e.
    [Show full text]
  • Group Financial Results for the Quarter and Year Ended March 31 2017
    GROUP FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 2017 MiX Telematics Limited (Incorporated in the Republic of South Africa) (Registration number 1995/013858/06 JSE share code: MIX NYSE code: MXIT ISIN: ZAE000125316 (“MiX Telematics” or “the Company” or “the Group”) www.mixtelematics.com Commentary MiX Telematics announces financial results for fourth quarter and full fiscal year 2017 References in this announcement to “R” are to South African Rand and references to “U.S. Dollars” and “$” are to United States Dollars. Unless otherwise stated MiX Telematics has translated U.S. Dollar amounts from South African Rand at the exchange rate of R13.4124 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at March 31, 2017. Highlights: Fourth quarter fiscal 2017: • Net subscriber additions of 16,700 • Subscription revenue of R322 million ($24 million), ahead of guidance • Adjusted EBITDA of R87 million ($7 million), representing a 22% Adjusted EBITDA margin • Operating profit of R41 million ($3 million), representing a 10% margin • Net cash from operating activities of R129 million ($10 million) Fiscal year 2017: • Net subscriber additions of over 55,800 bringing the total to over 622,000 subscribers at March 31, 2017, an increase of 10% year over year • Subscription revenue of R1,240 million ($92 million), ahead of guidance • Adjusted EBITDA of R302 million ($22 million), representing a 20% margin and ahead of guidance. Reported Adjusted EBITDA margins have improved over the course of fiscal 2017 and were as follows: Q1 2017 15.9%, Q2 2017 18.0%, Q3 2017 21.9% and Q4 2017 22.3%.
    [Show full text]
  • Declaration Amendment of National Road N1 Section 16X: Amendment of Declaration No.’S 177 of 2009 and 1086 of 2007 42402
    4 No. 42402 GOVERNMENT GAZETTE, 15 APRIL 2019 GOVERNMENT NOTICES • GOEWERMENTSKENNISGEWINGS Transport, Department of/ Vervoer, Departement van DEPARTMENT OF TRANSPORT NO. 585 15 APRIL 2019 585 South African National Roads Agency Limited and National Roads Act (7/1998): Declaration Amendment of National Road N1 Section 16X: Amendment of Declaration No.’s 177 of 2009 and 1086 of 2007 42402 I AMENDMENT OF DECLARATION No.'s 177 OF 2009 AND 1086 OF 2007. By virtue of Section 40 (1)(b) of The South African National Roads Agency Limited and National RoadsAct, 1998 (Act No. 7 of 1998), I hereby amend (i) Declaration No. 177 of 2009 in its entirety, (II) DeclarationNo. 1086 of 2007 from its start up to points L173 and R168 on sheet 4 of Plan No. P602/06, bysubstituting all sheets of their respective Plans with the accompanying sheets 1 to 18 of Plan No. P1052/18. I MINISTER i F TRANSPORT I This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 15 APRIL 2019 No. 42402 5 DEPARTEMENT VAN VERVOER NO. 585 15 APRIL 2019 585 Suid-Afrikaanse Nasionale Padagentskap Beperk en op Nasionale Paaie (7/1998): Verklaring Wysiging van Nasionale Pad N1 Seksie 16X: Wysiging van Verklaring No.’s 177 van 2009 en 1086 van 2007 42402 WYSIGING VAN No.'s 177 VAN 2009 EN 1086 VAN 2007. Kragtens Artikel 40(1)(b) van die Wet op die Suid -Afrikaanse Nasionale Padagentskap Beperk en op Nasionale Paaie, 1998 (Wet No. 7 van 1998), wysig ek hiermee (I) Verklaring No. 177 van 2009 deur dit in sy geheel, (II) Verklaring No.
    [Show full text]