Productivity SA improves its performance:
The entity responsible for promoting employment growth and productivity within South Africa, Productivity SA has managed to improve its performance from a lowly average of 49% in the past two years to 68%. According to the Chief Executive Officer (CEO) of Productivity SA, Mothunye Mothiba, 49% was completely unacceptable for a productivity-improvment entity and 68% is still far from enough. Mothiba was speaking at the entity‘s Annual General Meeting (AGM) held on the 29th September in Midrand, Gauteng.
Appointed as the new CEO of Productivity SA as of 01 April 2016 Productivity SA Board, Mothiba says the entity achieved an unqualified audit opinion for three consecutive years. 2017 was preceded by a myriad of challenges including financial deficit, the departure of its CEO of ten years and Chief Financial Officer (CFO) plus a forensic audit. To root out maladministration and irregularities experienced within the Turnaround Solutions programme, Productivity SA Board commissioned an investigation. Staff found to have committed irregularities were subjected to disciplinary action and one person was dismissed.
A further forensic investigation was commissioned by The Unemployed Insurance Fund (UIF) and the outcome thereof is awaited. Productivity SA is established in terms of Section 31 of the Employment Services Act, No. 4 of 2014 as a juristic person to promote employment growth and productivity. Mothiba says with reduced funding received (R24m instead of R97m) from the UIF, Productivity SA was able to support 49 companies and save 4760 jobs.
For the 2017/2018 Financial Year, the Board and Productivity SA will pursue its strategic objectives and targets as reflected in the Strategic Plan 2014/15 – 2018/19, as revised. He says Productivity SA will continue focusing on the strategic economic sectors such as Mining (Platinum Group Metal), Manufacturing (Metal Fabrication) and Agriculture (Agro-processing, and Agri-business) with a view to improving productivity and competitiveness in South Africa.
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