MHSC ANNUAL REPORT 2020

MINE HEALTH AND SAFETY COUNCIL ▪ ANNUAL REPORT 2019/20

Mine Health and Safety Council for the year ended March 31, 2020 Notes to the Financial Statements

2020 R

2019 R

20. Contingencies Litigation is in the process against the entity relating to a dispute with former employees. The case is currently at the Labour courts. Estimated liability is expected to be R2.5m. Retention of surplus funds In terms of Section 53(3) of the PFMA, a public entity may not accumulate surplus funds without approval from the National Treasury. Approval has been requested from the National Treasury to retain surpluses amounting to R121 655 674 as 31 March 2020, in the last five years National Treasury has allowed the retention of surplus funds.

Relationships

Ultimate controlling entity

Department of Mineral Resources

Board members (mine representatives)

Mr T Masondo Mr V Nundlall Mr S Sepetla Dr T Logobye Mr T Dube Mr K Mkwanazi Ms L Leonard Ms Mayinga

Members of key management

Mr M Fenyane Ms N Masekoa Ms P Mvana Ms S Mase (Acting CFO) Mr M Lephoto (Acting CFO) All government departments are related by virtue of the definition of control , but MHSC has only disclosed the outstanding balance of arms‑length transactions .

Related party balances

Amounts included in Trade receivable regarding related parties Anglo Coal (Pty) Limited

595,909 251,443

Goldfields (Pty) Limited

1,207,596 1,193,835

Sibanye Stillwater Ltd

154,252 123,050

Anglo American(Pty) Limited

345,137

12,421

Harmony (Pty) Ltd

-

936

Amounts included in Trade Payable regarding related parties South African Revenue Services

-

(981,090)

93

“EVERY MINE WORKER RETURNING FROM WORK UNHARMED EVERYDAY”