Minister of Public Enterprises Lynne Brown said in Parliament on Tuesday, 30 September 2014, that Broadband Infraco and two other state-owned entities missed the deadline to table their integrated reports.
Brown was quoted as saying that Infraco missed its deadline due to a “technical matter”, which the state-owned fibre player has now further clarified.
“President Jacob Zuma announced in May 2014 the establishment of the new Department of Telecommunications and Postal Services and the transfer of Broadband Infraco to the new Department,” a spokesperson for Infraco said.
“The required proclamation to give effect to this was signed by President Zuma last week [22–26 September 2014],” Infraco continued.
“This paves the way for the transfer and holding of the AGM at which the Integrated Report will be tabled. It will be submitted within ten days after the meeting to Parliament,” Infraco said.
According to Broadband Infraco, its integrated report and financials have been finalised and are ready for submission, but it had to wait for the proclamation process to be finalised.