Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
4TH BIENNIAL SAMEA CONFERENCE 2013 MAINSTREAM PUBLIC VALUE DRIVEN MONITORING & EVALUATION PRACTICES Rhodah Nthabiseng Seperepere BUSINESS CASE FOR STATE OWNED ENTITIES 2 CONTEXT DEVELOPMENTAL STATE PARASTATAL; STATE OWNED ENTEPRISES; STATE OWNED COMPANIES; PUBLIC ENTERPRISES Rhodah Nthabiseng Seperepere Regulators; Servicing Agents; Development Finance Intermediaries; Government Enterprises etc. 2013/14 MEDIUM TERMS EXPENDITURE FRAMEWORK Objectives x3 State-owned Companies plan to spend R377.5 billion for advance Infrastructure Investment; Almost R100 billion is allocated towards debt servicing- 10% of Government consolidated Expenditure, it has be so in the past METF; Budget deficit is +5% of GDP; 3 BALANCING POLITICAL, SOCIAL & ECONOMIC ROLE OF SOC/ SOE ENTERPRISING VALUES Implement Transformation & development Imperatives Contribute towards Human Capital; Develop essential Infrastructure Services Support economic policies Rhodah Nthabiseng Seperepere Increasing Financial Performance Create Maximum Shareholder Value Maximise Compensation & Individual Rewards STATE VALUES 4 OTHER CHALLENGING CONTEXT FOR SOC/ SOE Most of SOCs have Multiple overseeing authorities Rhodah Nthabiseng Seperepere Executive Authority Regulatory Authority Interfacing with all three Tiers of government is a challenge Functional directives Capacity 5 MONITORING & EVALUATION OF SOC/ SOE Public Financial Management Act and Municipal Financial Act Number of Reviews undertaken from 1998 till 2011/12 Almost all Provinces has undertaken consolidation of all their Public entities We do not have Regular i.e. Schedule timelines to undertake Monitoring, Reviews & Evaluation of these entities; There is no Consolidated nor Directive Institutions & Systems beyond financial matters that guide reviews, monitoring & Evaluation of these entities; There is no single systems to undertake Monitoring Reviews and Evaluations of various Infrastructure Programmes currently roll-out even to next 3 – 5 yrs; Rhodah Nthabiseng Seperepere Informs the governance & accountability practices of these entities 6 IN CONCLUSION Rhodah Nthabiseng Seperepere IN RELATION TO MONITONG, REVIEWS & EVALUATIONS OF SOCs/SOEs AND THE RELATED INFRASTRUCTURE INVESTMENTS WHAT IS THE PUBLIC VALUE THAT SOCs/ SOEs ARE TO: Create and Recognise not only to the State but to infrastructure users; 7 Rhodah Nthabiseng Seperepere THANK YOU E: [email protected] 8