Question NW2899 to the Minister of Social Development
16 October 2017 - NW2899
Hoosen, Mr MH to ask the Minister of Social Development
What is the detailed (a) breakdown of and (b) valuation for current and non-current assets and investments held by (i) her department and (ii) each entity reporting to her according to (aa) listed assets (aaa) directly held and (bbb) indirectly held and (bb) unlisted investments (aaa) directly held and (bbb) indirectly held by each of the entities, in each case breaking the current assets and investments down by 0-3 months, 3-6 months, 6-12 months and beyond 12 months?
Reply:
I would like to inform the Honourable Member that there are currently only two entities reporting to the Minister of Social Development. The National Development Agency was established in terms of the National Development Agency (NDA) Act (Act No. 108 of 1998). The NDA is a listed public entity (Schedule 3A of the Public Finance Management Act), reporting to the Minister of Social Development. Its key strategic objectives of as prescribed in the Act is to:
- grant funds to civil society organisations for the purpose of meeting the developmental needs of poor communities;
- strengthen the institutional capacity of organisations for long-term sustainability;
- proactively source funds for purposes of achieving its developmental objectives;
- promote consultation, dialogue and sharing of developmental experiences to debate and influence developmental policies; and
- develop strategies to collaborate with local community development trusts, foundations, government clusters and civil society organisations. The key NDA programmes are funding, capacity building, policy and research, policy dialogue, as well as impact assessment.
The South African Social Security Agency (SASSA) was established in terms of the SASSA Act (Act No. 9 of 2004). The mandate of the Agency is to ensure the provision of comprehensive social security services against vulnerability and poverty within the constitutional and legislative framework.
Other than the assets which are verified and listed in each financial year as per the requirements of the PFMA, the two public entities do not have any investments (listed or unlisted as they are established to fulfil a specific function in accordance with their respective Acts.