R501-million still owed to ICASA

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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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.
 
Thanks for the heads-up. Jan is following up to get the accurate figure.
MickeyD said:
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 (???)
Click to expand...
 
rpm said:
Thanks for the heads-up. Jan is following up to get the accurate figure.
Click to expand...

MickeyD said:
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
Click to expand...

Fixed!

Thanks, MickeyD and RPM. Also: quick turn-around time on queries by the DA.
 
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
 
ginggs said:
Thanks. Does anyone know what ICASA does with all this money that they are collecting on our behalf?
Click to expand...
Per page 65 of their 2012 annual report: https://www.icasa.org.za/AboutUs/An.../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.
Click to expand...
 
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