‘Range of measures being considered to strengthen State-owned entities’
Parastatals that become irrelevant could be phased out, while a possible merger is on the cards for SAA.
CAPE TOWN - Deputy President Cyril Ramaphosa says a "range of measures" are being considered to strengthen ailing State-owned Entities before recommendations are sent to Cabinet on what steps to take.
Parastatals that have become irrelevant could be phased out, while a possible merger is on the cards for the loss-making national carrier.
Ramaphosa was answering questions on the issue in the National Assembly earlier this afternoon.
Democratic Alliance leader Mmusi Maimane asked Ramaphosa whether a shift in the government's approach to funding SAA will apply to other ailing State-owned enterprises.
"Can we, in fact, expect a shift to approach towards the partial or full privatisation of all State-owned enterprises that are in the same or similar financial positions of that of SAA?"
Ramaphosa warned him not to get ahead of himself.
"There is still a matter of discussion and the debate within the [Inter-Ministerial Committee]. Whereafter the IMC's recommendations will then be sent to Cabinet."
The deputy president has assured Members of Parliament the interests of employees will be protected when parastatals are restructured.