NRF Annual Report 2018

PART B: PERFORMANCE
7.3 Performance against strategic objective 6:
Optimise NRF return on investment
In order to contribute successfully to strategic objective
6, maximising the return of investment of public funds,
programme 1 provides a system of shared services to all
the business units that will allow the NRF to efficiently and
effectively:
• Promote good governance as a strategic asset;
• Provide leading-edge business systems and operational
processes; and
• Provide effective combined assurance to the accounting
and executive authorities.
7.3.1 Promote good governance as a strategic
asset
Corporate Governance
The Corporate Governance unit provides and supports a
framework of governance and control structures to enable
the organisation’s officers and directors to discharge
their duties effectively. Compliance and assurance based
business units support an enabling structure against which
the business maintains and measures its compliance with
legislation and best practice.
Performance Planning and Reporting
The unit is charged with the monitoring of performance
in order to meet the reporting obligations of the NRF. As
a public entity the NRF adheres to the statutory reporting
cycles of the PFMA. Table 5 is an indication of the unit’s
deliverables over the reporting period.
Safety, health, environment and risk management
The insurance declaration process was concluded, securing
a suite of risk-based policies for the NRF at competitive
rates. Important changes such as the transfer of the NZG
to SANBI and discontinuation of the iThemba LABS’
therapy centre needed to be taken into account. Various
improvement opportunities on the insurance cover were
explored. This included employment practices liability,
cyber liability and contract works insurance.
TABLE 5: COMPLIANCE REPORTING
SATUTORY DEADLINES STAKEHOLDER DUE DATE
Quarterly Reporting (fourth quarter report – 2016/17) DST 20 April 2017
Annual Performance Report (for audit purposes – 2016/17) Office of the Auditor-General 31 May 2017
Quarterly Reporting (first quarter report – 2017/18) DST 20 July 2017
Annual Reporting (Annual Report 2016/17) DST 31 August 2017
Annual Performance Planning (first draft APP – 2018/19 - 2020/21) DST 1 August 2017
Quarterly Reporting (second quarter report – 2017/18) DST 20 October 2017
Quarterly Reporting (third quarter report – 2017/18) DST 19 January 2018
Annual Performance Planning (APP 2018/19 – 2020/21) DST 28 February 2018
NRF Annual Report 2017/18 55