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20.2 Transactions with other related parties
The ETDP SETA recognises that related party transactions can present potential or actual conflicts of interest. It is therefore the policy
of the ETDP SETA that at the time of evaluating contractual engagements the contracting parties are requested to provide evidence of
company registrations and ownership/directorship. All the stakeholders are also requested to declare their interests prior to the start of
meetings.
2010/11
R’000
2009/10
R’000
Related party
Nature of
relationship
Transaction type
Amount
of the
transaction
Amount
payable
Amount
of the
transaction
Amount
payable
Payables
HESA Governance Mandatory grant 62 7 65 -
NEHAWU Governance Mandatory grant 122 - 104 -
SADTU Governance Mandatory grant 97 24 83 -
NAPTOSA Governance Mandatory grant 53 9 54 -
Thembekile Training Consulting Governance Discretionary grant 2,765 - 1,809 -
Dr N GOPAL Governance Service provider 8 - - -
T NXESI Individual Expense claim - - 6 -
Polokwane Municipality Public entity Service provider 12 - 15 -
SABC Public entity Service provider 1 - 2 -
SAQA Public entity Service provider 776 - 156 -
SAA Public entity Service provider 4,747 - 7,657 -
The Auditor - General Public entity Service provider 1,592 - 1,182 -
TELKOM SA Public entity Service provider 1,090 - 1,428 -
21. Change in Estimates
In terms of the requirements of IAS16 the useful lives of assets were reviewed at year end. Where the remaining useful life expectations
of certain assets differs from previous estimates, an adjustment for an over- or under-estimation is processed in the asset register.
22. Events after the Reporting Date
No significant events occurred after the reporting date which required further disclosure in the annual financial statements.
ETDP•SETA Annual Report 2010/11
89