Economic Development Annual Report

Annual Report 2023/2024 Mpumalanga: Department of Economic Development and Tourism - Vote 6

Department of Economic Development & Tourism (Vote number 6) Financial Statements for the year ended March 31, 2024 Department of Economic Development & Tourism (Vote number 6) Financial Statements for the year ended March 31, 2024 Department of Economic Development & Tourism (Vote number 6) Financial Statements for the year ended March 31, 2024 Department of Economic Development & Tourism (Vote number 6) Financial Statements for the year ended March 31, 2024 4.2 Per economic classification Figures in Rand thousand

4.2 Per economic classification Figures in Rand thousand 4.2 Per economic classification Figures in Rand thousand 4.2 Per economic classification Figures in Rand thousand Current payments Compensation of employees Current payments Compensation of employees Current payments Compensation of employees Goods and services Transfers and subsidies Provinces and municipalities Current payments Compensation of employees Goods and services Transfers and subsidies Provinces and municipalities Departmental agencies and accounts Public corporations and private enterprises Goods and services Transfers and subsidies Provinces and municipalities Departmental agencies and accounts Public corporations and private enterprises Households Goods and services Transfers and subsidies Provinces and municipalities Departmental agencies and accounts Public corporations and private enterprises Households Payments for capital assets Buildings and other fixed structures Departmental agencies and accounts Public corporations and private enterprises Households Payments for capital assets Buildings and other fixed structures Machinery and equipment Households Payments for capital assets Buildings and other fixed structures Payments for capital assets Buildings and other fixed structures Machinery and equipment Machinery and equipment Payments for financial assets Payments for financial assets Machinery and equipment Payments for financial assets

Variance as a % of Final Appropriation Variance as a % of Final Appropriation Variance as a % of Final Appropriation 4 % Variance as a % of Final Appropriation 4 % - %

Final Appropriation Final Appropriation Final Appropriation Final Appropriation 162,462 79,316

Actual Expenditure Actual Expenditure Actual Expenditure Actual Expenditure 156,766 79,316

Variance Variance Variance Variance

5,696 5,696 - 5,696 -

162,462 79,316 79,316 10 653,707 260,604 10 653,707 260,604 709 653,707 260,604 653,707 260,604 709 709 422,068 422,068 5,878 709 422,068 422,068 5,878 5,878 2 2 162,462 162,462 79,316 10 10

156,766 79,316 79,316 10 642,807 260,604 10 642,807 260,604 709 642,807 260,604 642,807 260,604 709 709 420,055 420,055 5,840 709 420,055 420,055 5,840 5,840 2 2 156,766 156,766 79,316 10 10

4 % - % - % 2 % 2 % 2 % - % 1 % 1 % 1 %

- - - - - - - -

4 % - % - % - % - % - % 2 % - % - % - % - % - % - % - %

5,696

10,900 10,900 10,900

-

-

10,900 2,013 2,013 2,013 38 38 - - - 2,013 38 -

- % 1 % - % - %

5,878

5,840

38

2

2

-

Payments for financial assets Per economic classification Compensation of employees The under-spend was due to the cost containment measures that were put in place, which led to the moratorium of recruitment until the Premier grants concurrence on the filling of vacant, funded posts. Per economic classification Compensation of employees The under-spend was due to the cost containment measures that were put in place, which led to the moratorium of recruitment until the Premier grants concurrence on the filling of vacant, funded posts. Goods and services Goods and services were overspent due to large accounts received from AGSA for audit fees and PWRT for facility costs close to the end of the financial year. 2 2 - Per economic classification Compensation of employees The under-spend was due to the cost containment measures that were put in place, which led to the moratorium of recruitment until the Premier grants concurrence on the filling of vacant, funded posts. Per economic classification Compensation of employees The under-spend was due to the cost containment measures that were put in place, which led to the moratorium of recruitment until the Premier grants concurrence on the filling of vacant, funded posts. Goods and services Goods and services were overspent due to large accounts received from AGSA for audit fees and PWRT for facility costs close to the end of the financial year. Goods and services Goods and services were overspent due to large accounts received from AGSA for audit fees and PWRT for facility costs close to the end of the financial year. Transfers and subsidies R13 023 000 appropriated in programme three for transfers to the Nkomazi SEZ were not spent due to incomplete procurement processes. Transfers and subsidies R13 023 000 appropriated in programme three for transfers to the Nkomazi SEZ were not spent due to incomplete procurement processes. Payments for Capital assets An amount of R2 013 000 allocated in programme two for MIFPM was not spent as no further amount was payable in respect of the project. A small amount of R38 000 was underspent on the Capital assets budget for programme one, due to savings in the final invoice of the year. Department of Economic Development & Tourism (Vote number 6) Financial Statements for the year ended March 31, 2024 Goods and services Goods and services were overspent due to large accounts received from AGSA for audit fees and PWRT for facility costs close to the end of the financial year. Transfers and subsidies R13 023 000 appropriated in programme three for transfers to the Nkomazi SEZ were not spent due to incomplete procurement processes. Payments for Capital assets An amount of R2 013 000 allocated in programme two for MIFPM was not spent as no further amount was payable in respect of the project. A small amount of R38 000 was underspent on the Capital assets budget for programme one, due to savings in the final invoice of the year. Transfers and subsidies R13 023 000 appropriated in programme three for transfers to the Nkomazi SEZ were not spent due to incomplete procurement processes. Payments for Capital assets An amount of R2 013 000 allocated in programme two for MIFPM was not spent as no further amount was payable in respect of the project. A small amount of R38 000 was underspent on the Capital assets budget for programme one, due to savings in the final invoice of the year. Payments for Capital assets An amount of R2 013 000 allocated in programme two for MIFPM was not spent as no further amount was payable in respect of the project. A small amount of R38 000 was underspent on the Capital assets budget for programme one, due to savings in the final invoice of the year. 4.3 Per conditional grant

- %

Final Appropriation

Actual Expenditure

Figures in Rand thousand

Extended Public Works Programme

3,816

3,816

52 52 52

255

52