Pretoria - President Jacob Zuma hosted a meeting of several ministers on June 28, where he stressed the urgency of a coordinated response, explained Finance Minister Malusi Gigaba on Thursday.
"An agreement was reached on implementation timelines for key structural reforms related to the nine-point plan," he said.
The 14-point plan:
The points are listed below, with dates of the deadlines for each point.
1. Fiscal policy
- Finalise a sustainable wage agreement: February 2018; and
- Finalise infrastructure budget facility: October 2017.
2. Financial sector and tax policy
- Convene financial sector summit to quantify transformation targets, including for low-income housing and transformational agriculture: December 2017;
- Bring down banking costs by implementing Twin Peaks: February 2018;
- Work with the Department of Trade and Industry on targeted debt relief for most vulnerable (e.g. in cases of reckless lending): February 2018; and
- Introduce micro-insurance framework and review Cooperatives Bank framework: February 2018.
3. Leverage public procurement
- Implement preferential procurement regulations, which took effect on April 1 2017: July 2017;
- Finalise Public Procurement Bill: March 2018; and
- Finalise complementary government fund aimed at financing SMMEs in start-up phase: February 2018.
4. Recapitalisation of state-owned entities and government guarantees
- Continue engagements on framework for the disposal of non-core assets: March 2018;
- Conduct detailed audit of non-strategic assets of SOEs aimed at strengthening SOE balance sheets: March 2018;
- Finalise recapitalisation of South African Airways and South African Post Office: August 2017;
- Reduce the issuance of government guarantees, especially for operational reasons: October 2017; and
- Determine the consequences of SOE non-adherence to the guarantee conditions: October 2017.
5. Broader SOE reforms
- Implement private sector participation framework: March 2018;
- Implement the remuneration framework: March 2018;
- Finalise the board appointment framework: March 2018;
- Table draft Shareholder Bill: March 2018;
- Implement a framework for the determination and costing of developmental mandates: March 2018; and
- Approve ToR for implementation of the Remuneration Standards oversight committee: September 2017.
6. Private sector participation (PSP) Framework
- Engage other departments on PSP framework: July 2017;
- Provide broader guidance on sectors or asset classes for PSP and decide whether sector specific PSP frameworks are needed: October 2017;
- Present potential projects for PSP to line departments, technical task team and inter-ministerial committee: November 2017
- Approve PSP projects as outlined in the governance framework proposed in the PSP framework: March 2018; and
- Include PSP projects in shareholder compacts and corporate plan for subsequent implantation: March 2018.
7. Costing developmental mandates
- Consult other SOEs on costing of developmental mandate: August 2017;
- Implement mechanisms to effect outcomes through corporate plans (e.g. instruction notes): August 2017;
- Roll out the template for inclusion in the 2018 corporate plans: September 2017; and
- Monitor implementation through quarterly reports, annual reports and corporate plans: March 2018.
- Approach the National Energy Regulator of South Africa regarding Eskom hardship: July 2017;
- Develop the case for Eskom soft support until tariff adjustment in 2018 and submit to Treasury and Eskom board: July 2017;
- Finalise lowest cost IEP and IRP, taking into account extensive comments received during public consultation: February 2018;
- Review the pace and scale of roll-out under the circumstances of Eskom hardship and overcapacity up to 2021: August 2017; and
- Review the level of participation by black industrialists and develop a strategy to increase it: August 2017.
9. South African Airways
- Finalise CEO appointment: July 2017;
- Finalise and implement five-year turnaround plan: December 2019; and
- Negotiate with lenders to extend debt to longer-term: October 2017.
- Conduct high level study on WOAN spectrum needs with a view to license the remainder to the industry: August 2017;
- Issue policy directive mandating the Independent Communications Authority of South Africa to commence the licensing process: December 2017;
- Complete the spectrum licensing process: December 2018;
- Direct Competition Commission to investigate the data prices: July 2017; and
- Commence roll-out of phase 1 of SA Connect Broadband programme: August 2017.
11. Postbank licensing
- Amendment of the enabling legislation for licensing of Postbank: December 2017.
12. Minerals and Petroleum Resources Development Act Amendment Bill
- Finalise MPRDA Amendment Bill in a manner that reflects the inputs of civil society, labour and industry solicited through the public consultation process: December 2017.
13. Broad-based Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry
- Conduct further engagements with civil society, labour and industry: charter gazetted.
14. The Regulation of Land Holdings Bill
- Table Regulation of Land Holdings Bill in Parliament (after processing by a multi-disciplinary Ministerial Think Tank, the NJSC and NEDLAC): October 2017
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