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Slow Progress in addressing governance issues at SOCs

30 January 2018

The ANC study group on Public Enterprises is concerned about the pace of progress in addressing governance issues in our State Owned Companies (SOCs). In a meeting between the committee of public enterprises, the minister of public enterprises and executives of SOCs earlier today, it came to light that there was a growing tendency of disregarding the recommendations of the committee in the Budgetary Review and Recommendations Report (BRRR).

We are equally concerned about the failure of SAA Express to implement the proposed turnaround strategy. Considering the substantial resources used to come up with these turnaround strategies, the failure to implement them does not make for a favourable outlook.

What is also of concern is the negative image largely informed by negative perceptions of corruption at our State Owned Companies (SOCs) in the public domain. It is with this in mind that we strongly suggest SOCs invest in public and stakeholder relations highlighting the positive work done by our SOCs.

The practice of SOC boards being led by individuals in acting capacity should come to an end. With that said, we are pleased with the appointment of the new board at Eskom. We look forward to working with the new board and optimistic that this board will bring about positive change at this SOC. The committee will be meeting with the new Eskom board on Thursday 01 February 2018 as part of its oversight function.

Issued by Whip of the ANC Study Group on Public Enterprises, comrade Zukiswa Rantho.

For media enquiries or interviews with the Whip, please contact:
Nonceba Mhlauli

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