Human Settlements Minister Lindiwe Sisulu says there is no crisis in state-owned enterprises (SOEs) because most of them are managed very well.
She repeated what Deputy President Cyril Ramaphosa told parliament last week that there were 700 state-owned enterprises, and that few were under public scrutiny because of mismanagement.
"We have admitted that there are problems, cabinet has looked at the Presidential Review Report on these entities and we have discovered that there is a need to define what we mean by SOEs.
"This is work in progress and we cannot make the report public until we have dealt with the recommendations," Sisulu said yesterday during a media briefing in Johannesburg where the ANC released its national general council discussion document.
The SOEs that have been in the news recently for mismanagement or infighting between board members and executives include Eskom, the SABC and Prasa. All these entities were unstable, with board members or chief executives resigning.
Sisulu said there were several SOEs that were functioning well, such as Denel.
In the discussion document, the ANC wants its members to discuss the boards and their fiduciary duties and also to clear the roles and responsibilities of the boards and executives. The document also urged the party to appoint competent board and executive members.
Meanwhile, head of ANC economic transformation committee Enoch Godongwana admitted that the government was going through a tough time financially because the economy was not performing well.
He said this has led to the "envelop" becoming small. "I am not in government but part of the talks is about government re-prioritise its spending. The focus should be spending on areas that are likely to have [positive] impact on the economy," he said.
On the weak currency, he said Reserve Bank would make a call and that there were other factors impacting on the rand like China, which has devalued its currency.
He said it would be the Reserve Bank's decision on what to do - which could include increasing the interest rates.
The ANC is pinning its hopes on investment in infrastructure, which it said the government should stimulate so it could help improve the recovery of other sectors of the economy. "Resolving the energy is top on the priority list. Other key infrastructure areas include efficient and reasonable priced logistics, rolling out broadband and efficient spectrum management," Godongwana said.
'What crisis? There's no such thing in parastatals'
Human Settlements Minister Lindiwe Sisulu says there is no crisis in state-owned enterprises (SOEs) because most of them are managed very well.
She repeated what Deputy President Cyril Ramaphosa told parliament last week that there were 700 state-owned enterprises, and that few were under public scrutiny because of mismanagement.
"We have admitted that there are problems, cabinet has looked at the Presidential Review Report on these entities and we have discovered that there is a need to define what we mean by SOEs.
"This is work in progress and we cannot make the report public until we have dealt with the recommendations," Sisulu said yesterday during a media briefing in Johannesburg where the ANC released its national general council discussion document.
The SOEs that have been in the news recently for mismanagement or infighting between board members and executives include Eskom, the SABC and Prasa. All these entities were unstable, with board members or chief executives resigning.
Sisulu said there were several SOEs that were functioning well, such as Denel.
In the discussion document, the ANC wants its members to discuss the boards and their fiduciary duties and also to clear the roles and responsibilities of the boards and executives. The document also urged the party to appoint competent board and executive members.
Meanwhile, head of ANC economic transformation committee Enoch Godongwana admitted that the government was going through a tough time financially because the economy was not performing well.
He said this has led to the "envelop" becoming small. "I am not in government but part of the talks is about government re-prioritise its spending. The focus should be spending on areas that are likely to have [positive] impact on the economy," he said.
On the weak currency, he said Reserve Bank would make a call and that there were other factors impacting on the rand like China, which has devalued its currency.
He said it would be the Reserve Bank's decision on what to do - which could include increasing the interest rates.
The ANC is pinning its hopes on investment in infrastructure, which it said the government should stimulate so it could help improve the recovery of other sectors of the economy. "Resolving the energy is top on the priority list. Other key infrastructure areas include efficient and reasonable priced logistics, rolling out broadband and efficient spectrum management," Godongwana said.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos