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Research Conducted by the HSRC (August Through November 2011)

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Research Conducted by the HSRC (August Through November 2011) Research Conducted by the HSRC (August through November 2011) LEGISLATIVE AND REGULATORY FRAMEWORK REVIEW, THE ROLE OF SOEs IN SKILLS DEVELOPMENT AND JOB CREATION, SOEs CONTRIBUTION TO ENTERPRISE AND SOCIO-ECONOMIC DEVELOPMENT AND THE QUALITATIVE REVIEW OF THE SOEs LANDSCAPE IN SOUTH AFRICA Submission date: 7 December 2011 Document Name 29 November 11 Version: 0.1 Date: RNE-Research Output (Research Conducted by HSRC) Document Name: Legislative and regulatory framework review, the role of SOEs in skills development and job creation, SOEs contribution to enterprise and socio-economic development and the qualitative review of the SOEs landscape in South Africa Document Author/Owner: Kanyane MH, Houston G, Onouha G, Wentzel M, Viljoen J and Sausi K Owner Team: HSRC Electronic Location: Description of Content: Set up report for the Presidential Review Committee. Approval Status (tick relevant option) 1: Full Approval 2: Partial Approval 3: Conditional Approval For 2 and 3, describe the exclusions, criteria, and dates of conditions Document Sign-off Name Position/Work Stream Role Date Signed DOCUMENT CONTROL INFORMATION Nature Effective Version Number & of the Amended By Reviewed By Approved By from Amendment Details Change Version: Description of Major / dd/mm/yy Name Name Name Amendment or Change Minor Date Printed: 29/11/2011 Page 2 of 348 RNE-Research Output (Research Conducted by HSRC) TABLE OF CONTENTS 1. LEGISLATIVE AND REGULATORY FRAMEWORK REVIEW: A REVIEW OF THE CURRENT POLICY AND REGULATORY FRAMEWORK ................................................................................... 7 1.1. Introduction ............................................................................................................................................... 7 1.2. The Policy Framework of State-Owned Enterprises ................................................................................. 8 1.2.1. The Policy framework of state-owned enterprises arising from the constitution ...................................... 8 1.2.2. Social and Economic Policies ................................................................................................................. 24 1.2.3. The Policy framework of state-owned enterprises arising from policies of national government departments ......................................................................................................................................................... 40 1.3. The Regulatory Framework of State-Owned Enterprises ....................................................................... 58 1.3.1. Financial Regulation ............................................................................................................................... 60 1.3.2. The PFMA and MFMA ............................................................................................................................ 60 1.3.3. Protocol on Corporate Governance in the Public Sector ........................................................................ 71 1.3.4. Shareholder compacts ............................................................................................................................ 75 1.3.5. Sector Regulation ................................................................................................................................... 75 1.3.6. Regulation of service standards ............................................................................................................. 95 1.4. Conclusion ............................................................................................................................................ 101 1.5. References ............................................................................................................................................ 103 2. soeS policy FRAMEWORK and GOVERNANCE ................................................................ 107 2.1. Introduction ........................................................................................................................................... 107 2.2. State-owned Enterprises....................................................................................................................... 109 2.3. Protocol on Corporate Governance ...................................................................................................... 111 2.4. SoEs under Dept. of Public Enterprises ............................................................................................... 112 2.5. The purpose and the principles of the Policy on Corporate Governance of SOEs .............................. 113 2.6. The function of the State ....................................................................................................................... 113 2.7. Basic Guidelines on the Corporate Governance of SOEs .................................................................... 114 2.8. King III ................................................................................................................................................... 116 2.9. Key functions of SOEs bodies .............................................................................................................. 117 2.10. The State’s responsibility and its role in SOEs ..................................................................................... 119 2.11. Governance versus socio-economic balances: Case studies .............................................................. 120 2.12. Governance and Remuneration ............................................................................................................ 126 2.13. Universal governance challenges of SOEs .......................................................................................... 128 2.14. Recommended clearer governance framework .................................................................................... 129 2.15. Reference ............................................................................................................................................. 130 3. REVIEW OF SOES: THE ROLE OF SOEs in SKILLS DEVELOPMENT AND JOB CREATION 133 Date Printed: 29/11/2011 Page 3 of 348 RNE-Research Output (Research Conducted by HSRC) 3.1. Introduction ........................................................................................................................................... 133 3.2. Methodology ......................................................................................................................................... 135 3.3. National Skills Development Strategy III ............................................................................................... 135 3.4. New Economic Growth Path (NGP) ...................................................................................................... 140 3.5. The Role of Selected SOEs IN Skills Development ............................................................................. 142 3.5.1. Industrial Development Corporation of South Africa (IDC) ................................................................... 142 3.5.2. Air Traffic and Navigation Services Company LTD (ATNS) ................................................................. 144 3.5.3. Airports Company of South Africa Limited (ACSA) .............................................................................. 145 3.5.4. Alexkor LTD .......................................................................................................................................... 146 3.5.5. Broadband Infrastructure Company (PTY) LTC (BROADBAND INFRACO) ........................................ 147 3.5.6. Denel (PTY) LTD .................................................................................................................................. 148 3.5.7. Eskom ................................................................................................................................................... 151 3.5.8. Transnet Limited ................................................................................................................................... 155 3.5.9. South African Forestry Company Limited (SAFCOL) ........................................................................... 158 3.5.10. Telkom SA Limited 2011 ....................................................................................................................... 159 3.6. Discussion ............................................................................................................................................. 162 3.7. The Role of Selected SOEs in Job Creation......................................................................................... 166 3.7.1. Industrial Development Corporation Of South Africa Limited (IDC) .................................................... 166 3.7.2. Alexkor Limited ..................................................................................................................................... 167 3.7.3. Airport Company of South Africa .......................................................................................................... 167 3.7.4. Broadband Infrastructure Company ...................................................................................................... 168 3.7.5. Denel PTY LTD ..................................................................................................................................... 168 3.7.6. Eskom ..................................................................................................................................................
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