SMD

Annual Report 2023/2024

PART C: GOVERNANCE......................................................................................................................................72 1. INTRODUCTION .......................................................................................................................................................................73 2. RISK MANAGEMENT................................................................................................................................................................73 3. FRAUD AND CORRUPTION.....................................................................................................................................................73 4. MINIMISING CONFLICT OF INTEREST...................................................................................................................................73 5. CODE OF CONDUCT ................................................................................................................................................................74 6. HEALTH SAFETY AND ENVIRONMENTAL ISSUES...............................................................................................................74 7. PORTFOLIO COMMITTEES......................................................................................................................................................75 8. SCOPA RESOLUTIONS .............................................................................................................................................................93 9. PRIOR MODIFICATIONS TO AUDIT REPORTS ......................................................................................................................93 10. INTERNAL CONTROL UNIT .....................................................................................................................................................93 11. INTERNAL AUDIT AND AUDIT COMMITTEES......................................................................................................................93 12. AUDIT COMMITTEE REPORT..................................................................................................................................................94 13. B-BBEE COMPLIANCE PERFORMANCE INFORMATION .....................................................................................................96 PART D: HUMAN RESOURCE MANAGEMENT................................................................................................98 1. INTRODUCTION .......................................................................................................................................................................99 2. OVERVIEW OF HUMAN RESOURCES.....................................................................................................................................99 3. HUMAN RESOURCES OVERSIGHT STATISTICS................................................................................................................. 101 IRREGULAR, FRUITLESS AND WASTEFUL, UNAUTHORISED EXPENDITURE AND MATERIAL LOSSES.................... 133 1.1. Irregular expenditure................................................................................................................................................. 133 1.2. Fruitless and wasteful expenditure......................................................................................................................... 136 1.3. Unauthorised expenditure........................................................................................................................................ 138 1.4. Additional disclosure relating to material losses in terms of PFMA (1999) Section 40(3)(b)(i) &(iii))......... 139 2. LATE AND/OR NON-PAYMENT OF SUPPLIERS ................................................................................................................. 140 3. SUPPLY CHAIN MANAGEMENT .......................................................................................................................................... 141 3.1. Procurement by other means................................................................................................................................... 141 3.2. Contract variations and expansions........................................................................................................................ 143 PART E: PFMA COMPLIANCE REPORT.......................................................................................................... 132 1.

PART F: ANNUAL FINANCIAL STATEMENTS ............................................................................................... 156 ANNUAL FINANCIAL STATEMENTS FOR THE DEPARTMENT OF SMALL BUSINESS DEVELOPMENT FOR THE YEAR ENDED 31 MARCH 2024........................................................................................................................................ 156

Part A • GENERAL INFORMATION • Department of Small Business Development

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