Comments on Amended Immovable Assets Management Bill Presented by: Teboho Thejane – Chief Executive Officer Saul Nkosi – Chief Financial Officer Presented to: Portfolio Committee on Public Works 08 March 2007 Parliament

FUNDAMENTALS The Construction Education and Training Authority is a schedule 3A institution in terms of the PFMA, and since this Act applies to organs of the state in the National and Provincial Spheres of Government, it excludes public entities. CETA is about Skills development in the construction industry which is linked to immovable assets construction and their management

FUNDAMENTALS CONTINUED CETA’s lifespan is five years The development of this bill is commendable in that it will provide a framework which will promote accountability and transparency in the management of these assets

FUNDAMENTALS CONTINUED The Bill also identified those who are assigned the responsibility of being the custodians of the immovable assets Accountability on Asset Management should be devolved to the Municipalities Assets outside RSA should be managed in accordance with this Bill

THANK YOU CONTACT INFORMATION TEL (011) 265 – 5904/5/00 EMAIL CEOPA@CETA.CO.ZA WEBSITE www.ceta.org.za