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Zuma to have greater oversight of SOEs

Government will launch an initiative which will allow President Zuma greater oversight of SOEs.

FILE: President Jacob Zuma. Picture: Reinart Toerien/EWN.

PRETORIA - Minister in the Presidency Jeff Radebe says government will soon launch an initiative which will allow President Jacob Zuma greater oversight of state-owned entities (SOEs), like South African Airways (SAA) and Transnet.

Radebe made the announcement at a briefing in Pretoria yesterday following Cabinet's four-day lekgotla last week.

Radebe says government will soon launch the presidential state-owned companies' coordinating council.

"We shall provide President Jacob Zuma with line of sight of decisions and interventions, to create SOEs that play a transformative role in a capable developmental state."

He says a report on the state of SAA was presented to Cabinet.

"The issue with SAA has advanced between the Public Enterprises [Department] and National Treasury. We should be able to see progress in that direction."

Radebe says the inter-ministerial committee is overseeing 13 SOE-specific interventions.