1. 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

2. 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

3. 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

4. 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

5. THANK YOU
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