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SOEs not in crisis: Sisulu

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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. News24

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