Presidential SOE Coordinating Council arises from Presidential SOE Review Committee and is not a new or sinister creation
There is nothing sinister or new about the establishment of the Presidential State-Owned Enterprises (SOE) Coordinating Council which was announced by Minister in the Presidency, Mr Jeff Radebe, at the conclusion of the Cabinet Lekgotla this week.
The role of these structures, including the newly established council on SOCs, is only to coordinate and oversee and ensure that all work together and not in silos. It is not to directly run projects or usurp responsibilities of line function Ministers.
We therefore wish to reiterate the following;
- The Inter-Ministerial Committee chaired by Deputy President Ramaphosa is responsible for overseeing the stabilisation and reform of state-owned entities.
- One of the reform measures currently being developed by the IMC is the establishment of a Presidential SOCs Coordinating Council, which will allow for better oversight and coordination of state owned companies.
- This measure is part of a comprehensive overhaul of the shareholder model of State-Owned Companies being led by the IMC in line with the recommendations of the Presidential Review Committee on State Owned Entities.
- The Cabinet Lekgotla mandated the IMC to continue with the implementation of these recommendations.
The executive summary of the PRC’s report can be found here: https://www.thepresidency.gov.za/electronicreport/downloads/volume_1/volume_1.pdf
Enquiries:
Dr Bongani Ngqulunga
Cell: 082 308 9373
E-mail: bongani@presidency.gov.za