Page 65 - TKZN Annual Report 2023/2024

Supply Chain Management
The Supply Chain Management Unit continues administering bids, managing contracts and providing procurement support services to all business units. The unit processed 600 quotations through its Request for Quotation process and two bids through the tender process. A portion of the procurement spend is ring-fenced through competitive bidding for Previously Disadvantaged Individuals (PDIs). On average, the procurement spend for the period under review was 51,25% for 100% black-owned companies and 27.91% procurement for female-owned companies.
Finance
The approved organisational budget for 2023/24 was R151.281 million and increased to R206.060 million after the approval of roll-over of committed funds and additional transfers to the entity by the shareholder for specific projects.
The entity spent R176 060 million on operational and capital expenditure combined, whilst R10,707 million in respect of the COVID-19 Relief Fund was recalled by Provincial Treasury. In addition, the budget included funds for multi-year projects which have not been fully implemented. Project funds of R17.960 million remained at year end and will be applied for roll-over to the next financial year.
LINKING PERFORMANCE WITH BUDGET
PROGRAMME
2022/23
2023/24
Corporate Services
Budget
Actual Expenditure
Variance
Budget
Actual Expenditure
Variance
R’000
50 112
46 134
3 978
33 372
30 802
2 570
Measurable objective
Programme Performance indicator
Annual Target (APP) 2022/23
Actual Performance
Variance
Comments
Number of training programmes conducted
Number of training interventions implemented
16
19
+3
Overachievement was due to partnership with the CCMA and the National School of government.
Number of organisational Development programmes implemented
4
5
+1
Overachievement was due to records and data management session was done to ensure alignment with the KZN Film leading to the merger of entities.
Ring-fenced percentage of procurement budget for PDIs through competitive bidding
Percentage of procurement budget ringfenced for spend on B-BBEE (Black, women, youth, PwDs, MVs) business enterprises
70%
70%
0
Achieved
Invoices paid within regular timeframe
Percentage of invoices paid within 30 days
100%
84%
-16%
The underachievement was due to the prolonged matter with a specific service provider. Constant interaction with the service provider is being done
to ensure that accurate invoices are provided.
TOURISM KWAZULU-NATAL ANNUAL REPORT 2023/2024 63