Chairperson, Minister and colleagues, the 21st century is the speed competition area and if we South Africans are not able to speed up our activities to compete with other countries then we will be out of the race. Schedule 2 of the Public Finance Management Act will swiftly and flexibly give Infraco access to financial support. This is very important for today's business entities.
Broadband costs in South Africa are extremely high. The IFP expects that Infraco, with the government's backing, will be the platform to support all industries across the board in our country to compete internationally through lower broadband costs.
The IFP further hopes that Infraco will be successful and be an example of how state-owned enterprises, with the proper support from government, can contribute to other industries to compete on the world stage. The IFP supports the Bill.
I would like to use my ten seconds to quote what Madiba once said: 'our common humanity is more important than our differences'. On behalf of my party, I would like to thank the former chairperson, hon Yunus Carrim. I thank him for his sterling work in the Portfolio Committee on Public Enterprises, not forgetting his jokes and embarrassing me in a polite way. We know you will do justice to Justice. Thank you. [Applause.]