Question NW2443 to the Minister of Finance

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13 December 2017 - NW2443

Profile picture: Shivambu, Mr F

Shivambu, Mr F to ask the Minister of Finance

Do any employees of (a) the National Treasury, (b) Sasria SOC Ltd and/or (c) SNOW Consultants any entities reporting to him (i) have ownership shares in and/or (ii) sit on the board of a certain firm (name and details furnished)?

Reply:

NATIONAL TREASURY

(a)(i)(ii) No, none that National Treasury is aware of, as there are no disclosures in this regard.

ASB

None of the employees of the Accounting Standards Board owns shares in or sit on the board of the firm (name and details furnished)

CBDA

No employees of the Co-operative Banks Development Agency (CBDA) (i) have ownership share in and/or (ii) sit on the board of a certain firm

DBSA

  1. (b) N/A

( c) NONE

FSB

(c) None from the FSB. (i) N/A (ii) N/A

FIC

The Financial Intelligence Centre does not have ownership shares in and / or do not sit on the board of any firm

GEPF

The GEPF does not have ownership shares nor does it have representation on the Board of this firm.

GPAA

i. No employees at the GPAA have ownership shares in (b) Sasria and (c) Snow Consultants.

ii. The information is according to the 2016/2017 Department of Public Service and Administration's E-disclosure system.

CATEGORY

NAME OF EMPLOYEE

BELONG TO BOARD OF CERTAIN FIRMS

COMMITTEE

FIRM

SMS

MU MNGQIBISA

YES

Chairperson of the Advisory Board.

The Compensation Fund (Dept. of Labour)

SMS

KG SUKDEV

YES

Investment & Actuarial Committee Meeting and Board

Land Bank Life Insurance Company and Land Bank Insurance Company

IRBA

The IRBA hereby declares that:

  1. We do not have ownership shares in SNOW Consultants.
  2. We do not sit on the Board of SNOW Consultants.

PFA

(c)(i) No

(ii) No

LAND BANK

We are not aware of any Land Bank Group staff member with any shareholding or Board membership of Snow Consultants as per the annual declaration of interest forms submitted during December 2016/January 2017. The Land Bank Group will be conducting its annual ‘Declaration of Outside Interests’ to identify any potential conflicts of interest again in October 2017 and will be able to furnish updated information in December 2017.

FAIS OMBUD

  1. N/a
  2. N/a
  3. No ownership or members of the board of the firm.

PIC

No PIC employees have shares in the company or serve on its board.

SAA

None of SAA employees has ownership shares in and/or sits on the board on SNOW Consultants.

SARS

No, Sasria / any entity reporting to Sasria do not have ownership shares, nor sit on the Board of Snow Consultants Incorporated.

TAX OMBUD

  1. No employee of the OTO owns shares in and/or sits in the board of Snow Consultants.

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