complement of approximately 64 staff is achieved. In the initial years after establishment, it is anticipated that the use of fixed term contracts will be necessary. If the Economic Regulator is established as a NPE, the summary of expected over a five year establishment cycle has been projected as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Total Costs: NPE R'000 10 546 22 320 37 370 53 544 71 478 Costs Consultants - 32 828 35 126 19 534 - Overheads 8 294 10 997 11 895 13 100 14 700 Board Costs 5 217 5 525 5 851 6 196 6 562 Establishment 2 821 2 714 2 680 2 162 2 347 Total 26 878 74 384 92 922 94 538 95 087 In comparison, the Government Component’s and Internal unit’s total expenses are expected to be R82 million and R58 million respectively in year 5. There are a number of costs savings in the case of the internal unit, as the assumption is that an internal unit would make use of DWA’s corporate services.
complement of approximately 64 staff is achieved. In the initial years after establishment, it is anticipated that the use of fixed term contracts will be necessary. If the Economic Regulator is established as a NPE, the summary of expected over a five year establishment cycle has been projected as follows: Total Costs: NPE Year 1 Year 2 Year 3 Year 4 Year 5 R'000 Costs 10 546 22 320 37 370 53 544 71 478 Consultants - 32 828 35 126 19 534 - Overheads 8 294 10 997 11 895 13 100 14 700 Board Costs 5 217 5 525 5 851 6 196 6 562 Establishment 2 821 2 714 2 680 2 162 2 347 Total 26 878 74 384 92 922 94 538 95 087 In comparison, the Government Component’s and Internal unit’s total expenses are expected to be R82 million and R58 million respectively in year 5. There are a number of costs savings in the case of the internal unit, as the assumption is that an internal unit would make use of DWA’s corporate services.
Economic%20Regulator%20Options%20and%20Models%20Report%20(30%20Apr).docx