23 August 2016
Statement on Inter-Ministerial Committee on SOCs reforms
The Presidency has received media queries about the deliberations of the Cabinet Lekgotla on the reform of state owned entities, in particular work currently underway to establish a Presidential SOCs Coordinating Council. Yesterday the Minister in the Presidency responsible for Performance Monitoring and Evaluation, Mr Jeff Radebe, briefed the nation on the deliberations of the Cabinet Lekgotla which took place last week.
“To avoid any confusion it is confirmed that the Inter-Ministerial Committee chaired by Deputy President, Mr Cyril Ramaphosa is responsible for overseeing the stabilisation and reform of state-owned entities”, Minister Radebe confirmed.
One of the reform measures currently being developed by the IMC is the establishment of a Presidential SOCs Coordinating Council, which will allow for better oversight and coordination of state owned companies.
This measure is part of a comprehensive overhaul of the shareholder model of state-owned companies being led by the IMC in line with the recommendations of the Presidential Review Committee on State Owned Entities.
The Cabinet Lekgotla mandated the IMC to continue with the implementation of these recommendations.
“Government will continue to provide updates on progress in this regard as they develop”, said Minister in the Presidency responsible for Planning, Monitoring and Evaluation and Chairperson of the National Planning Commission”, Mr Jeff Radebe.
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