Gigaba wants super-ministry
2012-01-29 15:43
Johannesburg - Public Enterprises Minister Malusi Gigaba wants all parastatals to be brought under his department to drive economic growth, he told the Sunday Times.
His department currently controlled eight parastatals, including SAA, Transnet, Eskom, and Denel.
If his plan went through, he would also control the Development Bank of Southern Africa, the Public Investment Corporation, which managed government pensions, the Post Office, Telkom, the SABC, and the Industrial Development Corporation.
State-owned enterprises (SOE) were key to South Africa's development and to fulfilling the ANC government's vision of a developmental state focused on growth, he told the paper.
"If you were to take this option of having a specialist stakeholder manager you would then have to take (SOE) from other departments, but it does not impact that much on their mandate because some of them, their principal mandate is policy making and not shareholder development," he was quoted as saying.
Parastatals must be at the centre of economic growth, and a legislative framework could be set up to govern them, he said.
- SAPA