SOEs not in crisis - Sisulu

2015-08-17 16:06
Lindiwe Sisulu

Lindiwe Sisulu (FILE)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - It is not true that the country's state-owned enterprises are in crisis, ANC national executive committee member Lindiwe Sisulu said on Monday.

She acknowledged that the "ones that are in your face, are those that are probably in difficulty right now".

However, this was not an accurate reflection of all the others which were "functioning very well".

Sisulu was addressing reporters in Johannesburg at the release of the ANC's National General Council (NGC) documents.

"This is a matter responded to by the deputy president in Parliament and he made a very important point that we actually have 700 state-owned enterprises."

Sisulu used Denel as an example, saying no one was speaking about it because it was doing "extraordinarily well".

The ANC on Monday released its nine discussion documents, which would be discussed at its NGC in October.

State-owned enterprises would be discussed as part of the economic transformation document.

Chairperson of the ANC's policy sub-committee, Jeff Radebe, said South Africa needed to broaden its industrial base through manufacturing, agriculture, extractive industries and infrastructure. Efficient SOEs were needed to achieve this.

A report on the review of SOEs has been given to Cabinet, but has not been made public yet.

Sisulu said government had admitted that there were problems with some SOEs, where infrastructure was decaying.

She said it was a work in progress and once Cabinet had studied the report and the recommendations, it would probably make it public.

ANC NEC member Naledi Pandor said she did not see why it should not be made public.

"I didn't see anything in it that one would want to keep hidden."

She said there were a number of interesting proposals in respect of what should be done to strengthen SOEs and their contribution to the economy.

Read more on:    anc  |  lindiwe sisulu

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.