We are working to strengthen state-owned enterprises - Zuma

2016-01-09 07:36
President Jacob Zuma. Picture: Siphiwe Sibeko/Reuters

President Jacob Zuma. Picture: Siphiwe Sibeko/Reuters

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Rustenburg- Plans were afoot to strengthen state-owned enterprises and turn them into profit-making entities, ANC President Jacob Zuma told the business fraternity.

“We are making progress in our work to strengthen state-owned entities,” he said on Friday night at the gala dinner that was held at Sun City ahead of the party’s 104th anniversary celebration.

“We have taken steps to stabilise those that have been experiencing difficulties and to assist them towards the achievement of financial sustainability. We will continue to transform this sector to ensure that these entities are able to meet their economic and developmental mandates.”

Zuma added that the government would tighten its belt to ensure that the fiscus is properly managed. He said they would not be irresponsible with public funds.

“We will continue to manage public funds responsibly. We will ensure that we spend within our means and that we keep public debt within manageable limits. We will continue to direct public resources towards the poor and in pursuit of productive economic activity,” said Zuma.

He added that through initiatives like the establishment of the Office of the Chief Procurement Officer they would reduce wastage, increase efficiency, benefit from economies of scale and reduce the scope for corruption.

The ANC held its gala dinner ahead of its January 8th statement at the Sun City Superbowl where those attending were said to have paid anything from R15 000 upwards for a table.

Zuma attended the dinner with two of his wives. He was joined at his table by mining magnate Patrice Motsepe and his wife, former Eskom CEO Brian Dames and Burundian singer and musician Kaja Nin.

Kaja Nin made a plea to South Africa and the ANC not to forget her country that is in turmoil.

Read more on:    anc  |  jacob zuma

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