20°C / 22°C
  • Thu
  • 27°C
  • 16°C
  • Fri
  • 28°C
  • 18°C
  • Sat
  • 24°C
  • 17°C
  • Sun
  • 23°C
  • 12°C
  • Mon
  • 23°C
  • 10°C
  • Tue
  • 24°C
  • 11°C
  • Thu
  • 24°C
  • 17°C
  • Fri
  • 26°C
  • 16°C
  • Sat
  • 23°C
  • 17°C
  • Sun
  • 27°C
  • 16°C
  • Mon
  • 30°C
  • 14°C
  • Tue
  • 32°C
  • 16°C
  • Thu
  • 30°C
  • 18°C
  • Fri
  • 31°C
  • 19°C
  • Sat
  • 25°C
  • 19°C
  • Sun
  • 24°C
  • 14°C
  • Mon
  • 24°C
  • 12°C
  • Tue
  • 24°C
  • 12°C
  • Thu
  • 27°C
  • 17°C
  • Fri
  • 26°C
  • 16°C
  • Sat
  • 26°C
  • 18°C
  • Sun
  • 22°C
  • 12°C
  • Mon
  • 24°C
  • 10°C
  • Tue
  • 25°C
  • 11°C
  • Thu
  • 29°C
  • 22°C
  • Fri
  • 27°C
  • 23°C
  • Sat
  • 30°C
  • 22°C
  • Sun
  • 24°C
  • 18°C
  • Mon
  • 23°C
  • 17°C
  • Tue
  • 25°C
  • 18°C
  • Thu
  • 25°C
  • 18°C
  • Fri
  • 22°C
  • 17°C
  • Sat
  • 24°C
  • 17°C
  • Sun
  • 20°C
  • 15°C
  • Mon
  • 21°C
  • 13°C
  • Tue
  • 24°C
  • 13°C
  • Thu
  • 30°C
  • 16°C
  • Fri
  • 31°C
  • 15°C
  • Sat
  • 27°C
  • 15°C
  • Sun
  • 31°C
  • 17°C
  • Mon
  • 36°C
  • 15°C
  • Tue
  • 38°C
  • 19°C
  • Thu
  • 22°C
  • 17°C
  • Fri
  • 24°C
  • 16°C
  • Sat
  • 22°C
  • 17°C
  • Sun
  • 26°C
  • 15°C
  • Mon
  • 29°C
  • 15°C
  • Tue
  • 29°C
  • 18°C
  • Thu
  • 31°C
  • 19°C
  • Fri
  • 32°C
  • 20°C
  • Sat
  • 26°C
  • 20°C
  • Sun
  • 27°C
  • 16°C
  • Mon
  • 25°C
  • 15°C
  • Tue
  • 24°C
  • 15°C
  • Thu
  • 27°C
  • 17°C
  • Fri
  • 28°C
  • 15°C
  • Sat
  • 26°C
  • 17°C
  • Sun
  • 27°C
  • 15°C
  • Mon
  • 26°C
  • 12°C
  • Tue
  • 27°C
  • 13°C
  • Thu
  • 27°C
  • 19°C
  • Fri
  • 26°C
  • 20°C
  • Sat
  • 28°C
  • 20°C
  • Sun
  • 22°C
  • 15°C
  • Mon
  • 22°C
  • 14°C
  • Tue
  • 22°C
  • 13°C
  • Thu
  • 23°C
  • 15°C
  • Fri
  • 24°C
  • 14°C
  • Sat
  • 23°C
  • 16°C
  • Sun
  • 20°C
  • 13°C
  • Mon
  • 22°C
  • 12°C
  • Tue
  • 28°C
  • 14°C

Godongwana: Consolidation of SOEs key to ensuring SA's economic growth

The ANC’s NEC said the consolidation of state-owned enterprises was imperative to ensure growth and avoid a possible downgrade by ratings agency.

FILE: Enoch Godongwana, chair of the ANC’s sub-committee on economic transformation. Picture: EWN.

JOHANNESBURG - With some government officials in Davos, Switzerland, trying to sell South Africa to investors at the World Economic Forum, the African National Congress (ANC) said on Wednesday that the country needed to portray a positive image to attract money.

The governing party’s national executive committee (NEC) said it discussed ways to do this at its recent meeting in Irene, Pretoria. It said the consolidation of state-owned enterprises (SOEs) was imperative to ensure growth and avoid a possible downgrade by ratings agency.

The ANC’s head of economic transformation Enoch Godongwana said: “In so far as the consolidation of state-owned enterprises, there’s a lot of work which has been done to assess which entities do what by National Treasury. What is going to be required now is to review that work and make sure that we can finalise the consolidation process.”

WATCH: ANC briefing on outcomes of NEC meeting

SOE RESTRUCTURING

African National Congress (ANC) secretary-general Ace Magashule on Wednesday said that the governing party’s national executive committee (NEC) meeting had agreed that state-owned enterprises (SOEs) needed to be restructured so they were not a burden on the national fiscus.

Magashule said that Eskom and South African Airways were important government entities that were essential to the country’s economy. He did admit that the SOEs were struggling and needed urgent attention to turn them around.

“There should be a proper assessment of the public enterprises’ strategic importance for the developmental agenda. And their mandate must be clear, costed and monitored consistently to ensure successful restructuring programmes,” he said.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus