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