Sibisi will present a report focusing on the CSIR's performance against set imperatives, which include strengthening the science and technology (S&T) base, building and transforming human capital, performing relevant knowledge-generating research and transferring technology and skilled human capital, and securing financial sustainability through operational excellence.
Speaking before the presentation, Sibisi said: "In the past reporting period, the CSIR demonstrated excellent performance against its imperatives, with an impressive increase in S&T research outputs, a remarkable increase in qualification levels, and a significant improvement in the demographic profile of CSIR staff."
The presentation to the portfolio committee will further focus on the CSIR's governance practices, evident in the Auditor-General's unqualified audit report with no audit findings. Through stringent financial management processes and systems at both the board and executive level, the CSIR boasts sound overall financial performance, with a 12,7% increase in the total operating income, an increase of group royalty income from R3,4 million to R22,2 million, and a net margin of R21,6 million.
Commenting on the CSIR's performance during the reporting period, the Chairperson of the CSIR Board, Nobusi Shikwane praised Sibisi and his executive team for ensuring that the balance between meeting the strategic objectives of the CSIR and managing consistent performance on good governance was achieved.
Members of the portfolio committee will also get a view of some of the research, development and implementation carried out by different research groups within the CSIR.
The examples not only demonstrate the scientific prowess of the CSIR's researchers, but will also demonstrate the organisation's commitment to the "improvement of the quality of life of the people of the Republic". It is expected that the CSIR's impressive performance and the resultant affirmation of its mandate will earn the CSIR praise from its major stakeholders as well as its shareholder, namely the Ministry of Science and Technology.
Read the Annual Report