Portfolio Committee Presentation - June 2011
About Buyisa-e-Bag (Be. B) • A section 21 company, established by Government as part of the plastic bag initiative • Created as a result of Government legislation regarding plastic bags • Funded by Government
Board Composition • • Mr Welile Nolingo – Chairperson (CEPPWAWU) Mr Sydney Kunene – Board Member (CEPPWAWU) Ms Annabe Pretorius – Board Member (SAPRO) Mr Douw Steyn – Board Member – (PFSA) Mr Johan Pieterse – Board Member (PCA) Ms Linda Godfrey – Board Member (IWMSA) Ms Dee Fischer – Board Member (DEA)
Current Performance YTD
Current Performance YTD – CONT’D School Education Programme • 291 schools nationally benefitted from Be. B awareness and educational initiatives, with an average of 800 learners per school, a total of 232 800 pupils Youth Empowerment Initiative Programme • 170 unemployed youth have been engaged through Be. B’s youth empowerment initiatives Clean Up Campaigns • 15 000 people have been involved in Be. B clean up campaigns, over 18 000 bags of refuse collected
Key Performance and Priority Areas for 2011/12 The following is planned for 2011/12: • 8 Buy Back Centres (BBCs) to be built, employing 15 permanent and 30 casual workers • Support for 9 external recycling centres, employing 15 permanent and 30 casual workers • 1 Materials Recovery Facility (MRF) in KZN that will create 150 permanent and 75 casual jobs • 3 BBC launches in Phokeng (NW), Oriental Plaza (EC) and St Lucia (KZN – benefitting MK Veterans and the youth)
Key Performance and Priority Areas for 2011/12 – CONT’D • 346 schools to benefit from schools education programme • 15 schools in Gauteng for the Green Ambassador pilot project • 8 youth empowerment initiatives • 20 clean up campaigns, to attract 300 -500 community members per campaign
Strategic Plan • Turn Around Strategy
Budget and Annual Financial Statements Funds Received from DEA in the Past 3 Years: • 2009: R 20 m received in May 2008 • 2010: R 7 m received in Oct 2009 and the R 22 m in Jan 2010 Total funds for FY 2010: R 29 m vs. R 30 m • 2011: R 17. 5 m received in Dec and R 6 m received in March 2011 (2 weeks before the end of the financial year ) Total funds for FY 2011: R 23. 5 m vs. R 35 m
Budget and Annual Financial Statements – CONT’D Annual Financial Statements for the Past 3 Years: • 2008: Be. B has a clean audit, but the audit was not conducted according to AG guidelines (based on PFMA) • 2009: Be. B had a disclaimer because the auditors could not rely on the opening balances and the audit was also not conduct according to AG guidelines – Auditors recommended that a forensic audit be conducted • 2010: Be. B changed auditors and the audit was conducted according to AG guidelines, however, Be. B still had a disclaimer
Budget and Annual Financial Statements – CONT’D Be. B Non-Compliance: • Sinception, Be. B did not comply with the following: • • PFMA Treasury Regulations Company’s Act No Audit committee No Risk committee No CFO Internal Auditors were only appointed in September 2010
Contact Details Mr Shirleigh Strydom Chief Executive Officer Buyisa-e-Bag Unit G 3 Greenstone Hill Office Park Greenstone Hill 1616 Tel: (011) 452 -0414 Email: s. strydom@buyisaebag. co. za
Thank you
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