Multi-Party Charters says govt is wasting funds on SOEs
The privatisation of SOEs has been a hot topic for many years – as some believe it’s the only way to rescue them from a total collapse.
Democratic Alliance leader John Steenhuisen. Picture: @Our_DA/X
JOHANNESBURG - The Multi-Party Charter (MPC) believes the government is wasting funds on maintaining and bailing out struggling state-owned entities (SOEs).
The alliance comprising 11 parties including the Democratic Alliance (DA), Action SA and Inkatha Freedom Party (IFP) says privatising SOEs could bring much needed relief to the country’s coffers.
At a media briefing held in Benoni on Wednesday, party leaders in the MPC unveiled plans to improve social relief and increase grants.
ALSO READ: Multi-Party Charter reveals plan to increase social grants above poverty line
The privatisation of SOEs has been a hot topic for many years – as some believe it’s the only way to rescue them from a total collapse.
DA leader John Steenhuisen says the declining state of SOEs is proof South Africa can’t maintain them.
"There’s no need for us to be running state-owned diamond mines, state-owned airlines, state-owned this state-owned that and they can end up costing South Africa much more."
Steenhuisen says money directed to bail out SOEs could be repurposed to improve social relief.
With 35 days until the elections, the Multi-Party Charter is revealing its social relief framework as millions of South Africans are trapped below the poverty line. @Alpha_Mero25 pic.twitter.com/YIBZNWVhMu
— EWN Reporter (@ewnreporter) April 24, 2024