Deputy Chairperson, the ANC rise to support the Vote on Public Enterprises. State-owned entities have an important role to play in the economy, both in terms of generating growth cross specific sectors and in facilitating inclusive growth in designated sectors.
The turnaround in performance of respective SOEs has been undertaken and the introduction this week of the restructuring officers will result in a very different SOEs going forward. The country is dependent on SOEs to facilitate functioning both of the economy and
of the society and millions need SOEs that will bring about qualitative change in their lives.
With regard to the question of corporate capture of the state, we acknowledge that the department has collected some 3 000 forensic reports relating to SOEs and they are collaborating with the law enforcement authorities to ensure that criminal actions are reported and that civil recoveries are undertaken.
The investigating directorate in the National Prosecution Authority, NPA, is fast tracking any investigation including evidence that will be presented in the Zondo commission.
In the last 18 months, the restoring of good governance, skills management and effective operations of SOEs has been undertaken stabilising operations appointing new boards directly confronting corruption and has proceeded with efficiency, speed and purpose.
Hon Deputy Chair, looking for the future, the boards will be asked to review their current business models, develop models appropriate to the conditions they operate in and develop financial sustainability plans to ensure that SOEs are financially self- reliant. The Vote gives the department necessary capacity to perform
the oversight role of various SOEs. Our stae-owned enterprises can play a critical role in leveraging their investment operational activities to support reindustrialisation of our economy.
Through their skills development programmes SOEs ensure the provision of scarce and critical skills. It is import to ensure that our SOEs are effectively managed, efficiently performed and well governed so that they can fulfil their dynamic role in delivering public services and public goods that enable the economic activity and improve the quality of lives of our people.
Ri?e sa dzangano ?a ANC ri khou tikedza hoyu muvhigo. Ndo livhuwa.
The Council divided