(AsgiSA) Annual Report 2008 - South African Government Information
(AsgiSA) Annual Report 2008 - South African Government Information
(AsgiSA) Annual Report 2008 - South African Government Information
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Accelerated and Shared Growth Initiative for <strong>South</strong> Africa<br />
ANNUAL REPORT<br />
<strong>2008</strong><br />
The staff recruitment drive was initiated to bring the RIA unit to full compliment. As a result,<br />
some of the posts have been filled in The Presidency and National Treasury. Some of the<br />
RIA posts have also been filled at the departments of trade and industry and of communications.<br />
The review of DFIs was completed in <strong>2008</strong>. The exercise was aimed at ensuring that the mandates<br />
and operations of DFIs are co-ordinated and that they use economic resources more effectively<br />
and with greater efficiency in support of government’s policy objectives. The review<br />
covered the Industrial Development Corporation, Independent Development Trust, Khula,<br />
Land Bank, National Empowerment Fund, National Housing Finance Corporation, National<br />
Urban Reconstruction and Housing Agency, Rural Housing Loan Fund, Umsobomvu and the<br />
DBSA. Among other findings, the review found that the mandates of DFIs are overly broad<br />
and lack focus. This allowed executive management to engage in interventions beyond<br />
those originally envisioned by government and legislation. To this end, the review recommended<br />
that mandates of all the DFIs need to be focused on extending financial services<br />
access to well defined target groups; absorbing and sharing the risks involved in extending<br />
such access; and consistently encouraging the private sector to participate in these target<br />
markets.<br />
The Land Use Management Bill was presented to Parliament this year but was returned to<br />
the Department of Land Affairs for further amendment. The “one-stop investor” call centre<br />
is one of government’s priority projects and is expected to be operationalised during the<br />
year.<br />
72