MickeyD

RIP
Joined
Oct 4, 2010
Messages
139,117
SANDF: R189,216,989
SAPS: R20,886,702
The Basson Group: R699,986
Vodacom: R65,452,445
Neotel: R34,909,857
Cell C: R107,278,168
Orbicom: R4,692,055
Internet Solutions: R2,460,259
MTN: R14,465,313
Wireless Business Solutions [iBurst]: R55,374,081
 
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rpm

Admin
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Jul 22, 2003
Messages
64,746
Icasa owed R500 million

Icasa owed R500 million

The Independent Communications Authority of South Africa is owed just over half a billion rand by companies and state departments, according to the Democratic Alliance.
 

rpm

Admin
Staff member
Joined
Jul 22, 2003
Messages
64,746
Thanks for the heads-up. Jan is following up to get the accurate figure.
SANDF: R189,216,989
SAPS: R20,886,702
The Basson Group: R699,986
Vodacom: R65,452,445
Neotel: R34,909,857
Cell C: R107,278,168
Orbicom: R4,692,055
Internet Solutions: R2,460,259
MTN: R14,465,31 (???)
 

Jan

Drifting in the black
Joined
May 24, 2010
Messages
4,625
Thanks for the heads-up. Jan is following up to get the accurate figure.
SANDF: R189,216,989
SAPS: R20,886,702
The Basson Group: R699,986
Vodacom: R65,452,445
Neotel: R34,909,857
Cell C: R107,278,168
Orbicom: R4,692,055
Internet Solutions: R2,460,259
MTN: R14,465,313
Fixed!

Thanks, MickeyD and RPM. Also: quick turn-around time on queries by the DA.
 

ginggs

༼ つ ◕_◕ ༽つ
Super Moderator
Joined
Jun 26, 2006
Messages
11,380
How much do WBS (iBurst) owe?
 

DTBA

Expert Member
Joined
Nov 27, 2011
Messages
4,128
Wait they make billions of rands in profit but they don't use it to pay of there ICASA acount? Shocking. U don't have to pay everything at one time but hell
 

MickeyD

RIP
Joined
Oct 4, 2010
Messages
139,117
Thanks. Does anyone know what ICASA does with all this money that they are collecting on our behalf?
Per page 65 of their 2012 annual report: https://www.icasa.org.za/AboutUs/AnnualReports/tabid/290/ctl/ItemDetails/mid/935/ItemID/1401/Default.aspx

Basis for qualified opinion

National Revenue Fund receivable and National Revenue Fund payable

ICASA collects licence fees as contemplated by the Electronic Communications Act (ECA). In terms of section 15(3) of the Independent Communications Authority of South Africa Act, 2000 (Act No. 13 of 2000), the authority is required to pay all fees received and held on their behalf to the National Revenue Fund (NRF) within 30 days after receipt of such revenue.

I was unable to obtain sufficient, appropriate audit evidence to confirm the National Revenue Fund receivable and resulting payable balance amounting to R792 969 029 (2011: R898 483 250) and R801 163 475 (2011: R905 416 558), respectively, as disclosed in notes 15 and 21 to the annual financial statements. Due to the lack of controls over the invoicing and collection of licence fee revenue, the entity’s records did not permit the application of alternative audit procedures and, consequently, I was unable to determine whether any adjustments to the National Revenue Fund Receivable and resulting payable figures were necessary.

Furthermore, as a result of the above, I was also unable to confirm whether the financial instrument disclosure note as disclosed in note 29 to the annual financial statements required any adjustments.
 
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