Hon Deputy Speaker, it is clear from this report that the ANC succeeded to completely destroy state-owned entities. The ANC is at the core of these failed entities. The departments and the executives as a whole failed to do the necessary oversight and prevent the looting from happening. Consequences are lacking.
The board members, the accounting officers and the executives who were responsible for allowing the state- owned entities to be exploited, to be looted and to be mismanaged should be held accountable. These state-owned entities are nothing else than black holes for taxpayers money. The people of South Africa are suffering because of these failed state-owned entities.
We are facing an energy crisis, but the recovery plan and the turnaround plan announced by the Minister today will not address and selvage the situation. Everything that the ANC has touched needs a recovery plan. The reason why there is a Department of Public Enterprises was part of a turnaround strategy. Everything the ANC touches needs a recovery plan. We need to privatise these state-owned entities. This department is obsolete and should be terminated. I thank you. [Applause.]
Declarations of Vote: