ANNUAL REPORT 2005/2006 - Railway Safety Regulator

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Corporate InformationBoard of Directors:S. Madonsela (Chairperson)Human Resources Committee:N.P Dingaan (Deputy Chairperson)M. Vilana (Chairperson)M. VilanaM. MofiN. MkhwanaziN. MkhwanaziS. van den OeverS. MadonselaP. van HeerdenS. KhosaS.D. SekgobelaW. A VenterJ. MalatseCommunication CommitteeM. HermanusN. Mkhwanazi (Chairperson)W.A. VenterS.D. SekgobelaM. Mofi (Executive)J. MalatseAudit Committee:R. MzaidumeAnnual Report - 30R.J. Moloto (Chairperson)L. RavhuhaliW. A VenterP. van HeerdenProcurement and Finance Committee:S.D. Sekgobela (Chairperson)M. MofiS. KhosaSafety CommitteeS. van den Oever (Chairperson)P. van HeerdenM. HermanusM. VilanaM. MofiH. BruwerM. du PlessisAddress:2 Oppenheimer DriveWaterview CornerBruma2026Postal Address:P.O. Box 655Bruma2026Telephone: (011) 417 0000Facsimile: (011) 417 0010K. Mabe
Corporate GovernanceStatementThe Board is committed to conducting the affairs of the entity withintegrity and in accordance with the highest standards of corporatepractice. Monitoring the entity’s compliance with this approachforms part of the mandate of the Audit Committee and theFinance Committee.GOVERNANCE STRUCTURESThe Board of DirectorsThe Board of Directors comprises executive and non-executive directors.The non-executive directors have a wide range of differentskills and significant commercial and other interests that enablethem to bring independent judgement to the Board’s deliberationsand decisions.The roles of the Chairperson and Chief ExecutiveOfficer do not rest in the same person. The Chairperson is a nonexecutivedirector.Method of Appointment of the BoardThe member of the Cabinet having political responsibility for theRegulator is the Minister of Transport.The Board is therefore appointed by the Minister of Transport.Board CommitteesThe Board has constituted five board committees which arechaired by non-executive directors with the exception of the AuditCommittee which is chaired by an independent member.The names of the members of the Board of Directors and membersof various committees as at the date of this Annual Reportare given on pages 30.Statement Of Responsibility ofAnnual Financial StatementsApproval of the Financial Statements for the year ended 31 March2006The accounting authority is responsible for the preparation, integrityand fair presentation of the financial statements of Railway SafetyRegulator. The accounting authority is the Board of Directors ofRailway Safety Regulator.The financial statements have been prepared on a going concernbasis, in accordance with South African Statements of Generally AcceptedAccounting Practice and conform with applicable accountingstandards. Consistent and appropriate accounting policies have beenapplied and supported by reasonable and prudent judgement estimates.The going concern basis has been adopted in preparing the financialstatements. The accounting authority has no reason to believe thatthe entity will not be a going concern in the foreseeable future. Thesefinancial statements support the viability of the entity.The financial statements set out on pages 30 - 47 were approved andsigned by the accounting authority of the Railway Safety Regulator on10th August 2005 and are signed on its behalf by :-Code of EthicsA Code of Ethics has been implemented, which complies with thehighest standards of integrity, behaviour and ethics in dealing withall stake holders, including the entity’s directors, managers,employees, customers, suppliers and society at large._______________________Chief Executive OfficerJohannesburg________________________Chairman of the BoardAnnual Report - 31
Page 1 and 2: ANNUAL REPORT 2005/2006
Page 3 and 4: TABLE OF CONTENTSPART I:Legislative
Page 5 and 6: Structure of the RSRMosenngwa MofiA
Page 7 and 8: capacity has now been created to au
Page 9 and 10: SARCC will fall directly under the
Page 11 and 12: Performance Report7.1. SAFETY REGUL
Page 13 and 14: Performance ReportObjectivesOutputs
Page 15 and 16: Performance Report7.2 Safety Assura
Page 17 and 18: Performance Report7.4 FinanceObject
Page 19 and 20: Human Resource Tables8.1 PERSONNEL
Page 21 and 22: 8.2 Employment and Vacancies - Apri
Page 23 and 24: Table 8.4.2 - Reasons Why Staff Are
Page 25 and 26: Table 8.5.3 Recruitment April 2005
Page 27 and 28: State of RailwaySafetyAnnual Report
Page 29 and 30: • Number of train movements per d
Page 31: Annual Financial StatementsCorporat
Page 35 and 36: The management of the RSR indicated
Page 37 and 38: Directors’ Reportfor the year end
Page 39 and 40: Statement Of Financial PerformanceF
Page 41 and 42: Cash Flow Statementfor the year end
Page 43 and 44: 1.2.2 Grants received from Governme
Page 45 and 46: 2006 20057. CONTINGENT LIABILITIES2
Page 47 and 48: 2006 2005General Manager: Corporate
Page 49 and 50: 18. FRUITLESS AND WASTEFUL EXPENDIT
Page 51: SAFE, SECURE AND ON TRACK2 Ernest O

ANNUAL REPORT 2005/2006 - Railway Safety Regulator

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