– Time Has Come to Carry Car in Your Bag – TOKYO, Oct. 13, 2016 /PRNewswire/ — COCOA MOTORS, Inc. (R) announced on October 13 that WALKCAR (R), the world’s smallest car, will be available for pre-order at Cocoa Motors Online Store (http://www.cocoamotors.com) from Friday, October 21, at 13:00 local time in Japan. (Photo: http://prw.kyodonews.jp/opn/release/201610135259/) […]
Deputy Minister of Labour Nkosi Phathekile Holomisa’s address: Employment Equity Breakfast SessionProgramme Director, this unprecedented event occurs at an opportune time. April the 25th saw the release of the annual Employment Equity Commission report…
South Africa and Namibia to sign Bilateral AgreementThe Minister of Transport, Ms Dipuo Peters and her Namibian counterpart, Mr Alpheus G Naruseb will sign a Bilateral Air Services Agreement (BASA) on Thursday, 13 October 2016 at the PRASA corporate of…
The Portfolio Committee on Defence and Military Veterans has commended Armscor on its prudency and good corporate governance.
Armscor, the acquisition agency of the Department of Defence, presented its annual report for the 2015/16 financial year to the Portfolio Committee on Wednesday.
Armscor once again attained a clean audit opinion with no qualifications from the Auditor-General.
Thanking the Board of Directors led by Vice Admiral (retired) Mudimu for providing strategic direction in fulfilling Armscor’s mandate, Kevin Wakeford, the CEO of Armscor, said: “The ‘On Time, In Time – Towards A Sustainable Future’ strategy does not only seek to meet SANDF requirements but to reduce reliance on the fiscus, increase employment and grow the SA economy — all within the principles of good corporate governance.”
Armscor has achieved all its goals set in the service level agreement with the Department of Defence (DOD) for the 2015/16 financial year. These include the acquisition of defence materiel, systems support and management and execution of defence technology, research, test and evaluation. While most of the strategic objectives have been achieved, Armscor is determined to improve its revenue streams beyond South African borders.
“We have already set the foundation and strategic plans in the last financial year, Armscor has registered as a strategic supplier to the UN. We are confident we will reap the rewards this financial year and in the future, as we have started providing our services to some countries in the continent.
This creates further opportunities for our defence industry to grow and contribute to economic growth, including the participation and development of SMMEs, thus reinforcing South African defence expertise in the global defence environment,” Wakeford said.
Armscor achieved a net surplus of R200.1 million in 2015/16 compared to R84.2 million in 2014/15 due to gains from the revaluation of fixed and investment properties.
Faced with declining revenues, Wakeford reported that 40% of Armscor’s operating expenses are covered from revenue generated outside of the government allocation and believes that this portion will increase in the future.
Armscor recorded a healthy liquidity and solvency position for the 2015/16 financial year.
Armscor remains committed to contributing positively to socio-economic development initiatives and skills development programmes through its Corporate Social Investment and Learning and Development initiatives.
In the year under review, these initiatives saw the establishment of the Women Military Veterans of South Africa (WOMVASA) entity; the appointment of 77 apprentices and achievement of the transformation target in relation to the employment equity plan.
The Department of Planning, Monitoring & Evaluation in the Presidency has rated DoD/Armscor as the best for strategic planning and performance evaluation.
Source: South African Government News Agency
Department of Labour takes services to the people
Under the patronage of the National Department of Labour, the Compensation Fund will be spearheading a community outreach campaign in five different towns in the Free State province.
The main objective of this series of outreach programmes is to take services closer to the people and provide a one stop shop for all Department of Labour services. The campaign is hosted in conjunction with other branches of the department such as the Inspection and Enforcement Services, Public Employment Services, as well as the Unemployment Insurance Fund.
No less than 30 officials of the department from different units inclusive of decision makers within the department will physically be attending to clients during the visits to different towns.
Decision makers within the department are roped in to ensure that clients with Injury on Duty, occupational diseases or fatality claims as well as Unemployment Insurance claims are assisted and decisions to approve or decline such claims, provided all the required documentation is available, are made right on the spot.
Work seekers are also encouraged to bring along their CVs to be registered on the database of the Department of Labour for possible placement as and when job opportunities become available.
The campaign is used as one of many pro-active mechanisms the Department of Labour has adopted to try and speed up service delivery and ensure the livelihoods of our clients are maintained at all material times.
The schedule is as follows;
Date Town Venue Time
17/10/2016 Heilbron Thusong Multi Purpose Centre 9h00 � 16h30
18/10/2016 Parys Mosipidi Hall 9h00 � 16h30
19/10/2016 Wesselsbron Monyakeng Community Library 9h00 � 16h30
20/10/2016 Marquard Moemaneng Community Hall 9h00 � 16h30
21/10/2016 Botshabelo Community Hall 9h00 � 17h00
Source: Government of South Africa