Chairperson, let me thank the hon member for the question. In the state of the nation address, 2018, President Ramaphosa articulated the challenges faced by state-owned companies, SOCs, and identified measures required to reform them.
Subsequently, the President announced the establishment of the SOC council with the task of leading the process of strengthening governance and other aspects of SOCs. These measures include the need to stabilise each SOC, as I indicated earlier, to ensure financial stability and then clean out all manifestations of malfeasance or corruption.