Hon Chairperson ...
IsiXhosa:
Malungu ahloniphekileyo e-NCOP, Sekela Mphathiswa.
English:
I'm trying! [Laughter.]
You know, I appreciate the fundamental shift of the DA from building a single country which was really propagated by the ANC in providing a unitary state. And fortunately there's a fundamental shift from their policy to the policy of the ANC. They can't copy anything; they've got to copy the ANC! [Interjections.]
The Public Investment Corporation Bill seeks to strengthen governance and oversight. No politician will then have ...
Chairperson, on a point of order!
What's your point of order?
The member on the podium is saying that the DA is copying the ANC. [Inaudible.] ... example of what the DA is ... [Inaudible.] [Interjections.]
Hon Essack... [Interjections.] Hon Essack ... [Interjections.] Hon Essack ... [Interjections.] Right
from the morning we have been warned ... [Interjections.] That is not a point of order. Sorry, honourable ... [Interjections.]
Chairperson, with due respect ...
Hon Essack, you are not recognised. [Interjections.]
Last warning! Last warning!
Hon Essack, when you had the floor, you were respected, and the hon members listened to you. Why can't you do the same? Let's allow hon Motlashuping to continue. [Interjections.]
These are so-called clever people, and clever people are sitting on my right. They are not fools, because they understand the manifesto of the ANC.
The Public Investment Corporation, PIC, is a significant player in the South African economy, managing assets of over R2,083 trillion, and still growing. The PIC's principles of environmental and social
governance are in many ways aligned to South Africa's commitment to the realisation of the sustainable development goals.
President Cyril Ramaphosa, in delivering the ANC's January 8 statement, the ANC's manifesto, and the state of the nation address, has made a commitment to turn South Africa's economy around for the benefit of all citizens, not only those of the Western Cape. In the past year, President Ramaphosa, as promised, focused government's efforts on accelerating inclusive growth and significantly increasing levels of investment and putting in place measures to create more jobs. He presented an economic stimulus and recovery plan that redirected public funding to areas with the greatest potential for growth and job creation. He also introduced a range of measures to ignite economic activity, restore investor confidence, support employment, and address the urgent challenges that affect the lives of vulnerable members of our society.
It is this Public Investment Corporation Bill which gives us an opportunity to co-invest directly in the economy, in sectors that can create much- needed jobs. The PIC is mostly interested in the economic growth of South Africa. If people reject the economic growth of South Africa, where do you want to take this country?
The growth of the assets under its management is directly linked to that of the economy.
The 2018 PIC annual report demonstrates that there was investment growth of assets under management into the real economy. Continued investment in sectors with socioeconomic impact linked to the National Development Plan through unlisted investments amounted to a total R18,55 billion.
Most of these were in health care, manufacturing, affordable housing, energy and student accommodation. [Time expired.]
Hon members, we shall now proceed to the manual voting on the question. I would like to request hon members to vote by raising their hands ... [Interjections.]
Sorry, hon members. [Interjections.] I thought ... Honourable ... Can you have it on?
Hon Chair, I call for a division. [Interjections.]
Hon Labuschagne, we are going to vote. Then you can do that. We are going to vote and then you can call
for a division. There's nothing wrong with it. Let's allow the process of voting first.
The whole idea is to vote after the division, not to
...
No. The Rules are very clear. Can you check Rule 65?