DIRCO Annual Report

During the year under review, DIRCO commenced with the closure of identified missions in an attempt to deal with the reduced budget at our disposal. This process will continue during the 2021/22 financial year. Following the enactment into law of the Foreign Service Act, 2019 (Act 26 of 2019), DIRCO commenced during the period under review with the drafting of regulations, codes and directives to operationalise the Act, a process that will be completed during 2021.

Overview of the financial results of the department

Departmental receipts

2020/21

2020/21

Actual amount collected

(Over)/under collection

Actual amount collected

(Over)/under collection

Departmental receipts

Estimate

Estimate

R’000

R’000

R’000

R’000

R’000

R’000

Sale of goods and services other than capital assets

1,234

1,234

- - - - - - -

1,231

1,231

- - - - - - -

Transfers received

-

-

43

43

Fines, penalties and forfeits

444 767

444 767

798

798

Interest, dividends and rent on land

4,472

4,472

Sale of capital assets

99,314

99,314

52,223

52,223

Financial transactions in assets and liabilities

1,234

1,234

1,231

1,231

Total

101,759

101,759

58,767

58,767

Departmental receipts are mainly generated from interest earned from mission bank accounts; refunds received through value-added tax exemption from missions in accordance to the diplomatic privileges accorded to South Africa by host countries; receipts of previous

years’ expenditure; and proceeds on sale of capital items identified for disposal. During the year under review, the revenue collected increased from R58,7 million to R101,7 million. This is due to foreign gain experienced by the department when transacting in missions abroad.

Department of International Relations and Cooperation

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