CAV Annual Report 2021

“SUPPORT THE GROWTH OF THE AEROSPACE, DEFENCE AND ADVANCED MANUFACTURING INDUSTRIES”

TABLE OF CONTENTS

CONFIDENTIALITY AND DISCLAIMER

2

5. ORGANISATIONAL STRUCTURE

24

THE MANDATE OF THE CAV

2

5.1. Institutional Capacity – Organisational Environment

24

TABLE OF CONTENTS

3

TABLE OF TABLES

5

PART B: PERFORMANCE INFORMATION

27

TABLE OF FIGURES

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1.1.Performance Information by Programme

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FOREWORD BY THE DEPUTY DIRECTOR-GENERAL (DDG) OF the dtic 6 FOREWORD BY THE CHAIRPERSON OF THE CAV BOARD 7 CHIEF EXECUTIVE OFFICER’S REPORT 9

PART C: GOVERNANCE

35

1. CORPORATE GOVERNANCE REPORT

36

1.1. Introduction

36

1.2. Governance Structure

36

PART A: GENERAL INFORMATION

11

1.3. Compliance with laws, rules, codes and standards

GENERAL INFORMATION

12

37

GLOSSARY OF TERMS AND CONCEPTS

13

1.4. Drivers of good governance

37

1. STATEMENT OF RESPONSIBILITY AND CONFIRMATION OF ACCURACY OF THE ANNUAL REPORT

1.5. Board Composition

37

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1.6. Tenure of the Board

38

2. STRATEGIC OVERVIEW 16 2.1. Linking the CAV Vision, Mission and Objectives 16 2.2. Vision of the CAV 16 2.3. Mission of the CAV 16 2.4. Strategic Objectives 16 2.5. Our Values 17 2.6. Company Profile 17 3. LEGISLATIVE MANDATE 18 3.1. Institutional Arrangements 18 3.2. Corporate Governance 18 3.3. Capital Development 18 4. SITUATIONAL ANALYSIS 19 4.1. The Aerospace and Defence Industry: Global Context 19 4.2. Aerospace and Defence Industry: African context 19 4.3. Aerospace and Defence Industry: South African context 20 4.4. The Aerospace and Defence Industry: Clusters and Industrial Parks 22

1.7. Skills, Knowledge, Experience, Diversity and Attributes of Directors

38

1.8. Board Sub-committees

38

1.9. Code of Ethics

40

1.10. Board Attendance

40

1.11. Board Induction

41

1.12. Attendance of Board and Subcommittee Meetings

41

1.13. Compliance with Laws and Regulations

41

1.14. Conflicts of Interest

41

1.15. Minimising Conflicts of Interest

41

1.16. External Audit

41

1.17. Internal Audit

41

2. RISK MANAGEMENT

42

3. AUDIT AND RISK COMMITTEE REPORT

44

PART D: HUMAN RESOURCES MANAGEMENT

47

1. HUMAN RESOURCES OVERVIEW

48

2. THE CORE HR FUNCTIONAL AREAS

49

CENTURION AEROSPACE VILLAGE NPC I ANNUAL REPORT I 2020/21

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