GDF Annual Report - Gauteng Provincial Treasury

SECTION 3: REPORT ON THE PERFORMANCE OF PROGRAMMESthe prescripts of PFMA. This will ensure that there isprudent and effective use of public resources and GFAoperates in an open and transparent manner. The keyoutputs would be:• Develop an action plan to improve financialmanagement to ensure that GFA achieves anunqualified audit report.• Implement sound budget and expendituremanagement including providing qualitative andaccurate reporting systems.• Develop the Risk Management and InternalAudit Strategy and Plan including the BusinessContinuity Plan for GFA.• Review and implement the Strategic Planningand Performance Information ManagementFramework.To secure alternative finance sources, including thecreation of new revenue streams, thereby ensuringcost efficiencies and consolidating resources foreconomies of scaleGFA will put in place the processes and procedures todevelop infrastructure projects into bankable projectsthat would attract private investment and providealternative sources of funding. To achieve this thefollowing key puts will be delivered:• Finalise project preparation and developmentof the 2010/11 project pipeline and concludefinancial transactions.• Source out new projects from primary clients (GPGdepartments, municipalities and public entities)and conduct project preparation and developmenton new projects.• Mobilise alternative funding sources througheffective marketing and communications.To be a preferred employer, attracting and retaininghighly skilled and performing individuals.GFA aims to attract the best possible technical skill inproject finance, project management, research andknowledge management, etc so that it could become thecentre of excellence in infrastructure finance solutions.This includes development of current personnel andmanaging staff performance in an effective way thatwould ensure improvement in output. The key outputsto achieve this objective are:• Implementation of recruitment and retentionstrategy.• Implementation of training and development strategy.• Implementation of effective performancemanagement policies and systems.• Create a conducive working environment.132132Annual Report 2010 / 2011