National Consumer Tribunal Annual Report 2011/12 National Consumer Tribunal 2011-12 | Page 76

Annual Financial Statements

REPORT OF THE ACCOUNTING AUTHORITY
The accumulated surplus at the end of the 2010/2011 financial year was R4 622 699. The
surplus is attributed to:
•
•
•
•
The submission relating to the increase of Tribunal member fees, for which approval is
awaited;
The planned relocation of the Tribunal, which has not yet taken place;
The unfilled vacancies at the Tribunal;
A focus on cost management, yielding cost savings in operating and administrative areas.
In addition, the majority of the cases received relate to consent order applications and it
was decided to allocate approximately eight consent order matters to one member at a
time. These matters are adjudicated in chambers, leading to substantial cost savings.
Overall, the Tribunal has fulfilled its mandate and has used its funding efficiently and
diligently.

Executive committee and Tribunal members’ remuneration
The Chairperson of the Tribunal is custodian of the Tribunal’s corporate governance and
ethical code, provides strategic leadership to the Tribunal, is responsible for overseeing
the adjudication of matters brought before the Tribunal, and is responsible for forging and
maintaining strategic relations with key stakeholders.
The CEO/Registrar and her managers, namely the Case Management Unit Supervisor,
Registry Supervisor, Corporate Services Supervisor, Communications Specialist
(outsourced), Finance Services (outsourced) and ICT Specialist comprise the executive
committee of the Tribunal, implementing the Tribunal’s strategy and providing direction for
its operation. The Chairperson attends the Executive committee meetings of the Tribunal as
an observer.
The tables below shows the total annual remuneration (total cost to company) of the
Chairperson, Tribunal members and executive committee members. Any other allowances
are disclosed as such. The Tribunal does not contribute towards a pension or provident
fund. A provision has been raised for the CEO/Registrar’s performance bonus, as the
assessments will only be finalised in May 2011. The provision is included in provisions
under note 6 in the Annual Financial Statements. The Chairperson’s remuneration is based
on a daily fee and allowances as disclosed.
2011
R 2010
R
Chairperson – Ms D Terblanche 1 183 473 1 270 822
Members fees 1 155 960 1 203 840
27 513 66 982
CEO/Registrar – Ms H Devraj 1 165 154 1 262 559
Package 1 012 407 1 078 263
Performance bonus 139 175 151 961
Expenses allowance 13 572 32 335
Expenses allowance
Annual Report 2011
page 74 | national consumer tribunal