South Africa’s ruling party calls for proper management on SOEs

African National Congress (ANC)
African National Congress (ANC)

South Africa’s ruling party African National Congress (ANC) on Wednesday called for proper management of the state owned enterprises to benefit the economy.

The ANC secretary general Ace Magashule was speaking at a press conference in Johannesburg on Wednesday. He was briefing the media about the resolutions of the ANC national executive council (NEC) meeting which took place on Dec. 8-9 in Johannesburg.

He expressed concern over the power utility Eskom which have introduced load shedding.

“The NEC expressed deep concern regarding the social and economic impact of the resumption of load shedding by Eskom especially on jobs, households and small businesses and called on government to outline steps being taken to address the situation,” said Magashule.

He said they got some presentations on different models they can adopt to make the state owned entities (SOEs) to function properly. Magashule said they are looking for a comprehensive starter for all SOEs which can make them functional.

He said that “the NEC noted with concern the situation confronting critical SOEs and the need to ensure that they play their role in the economy and meet the nation’s developmental goals.”

Magashule said some models were presented and debated by the party to resuscitate the under-performing SOEs.

Dakota Legoete from the ANC communications department said they want to take a leaf from China where the SOEs were used to take the people out of poverty. Enditem

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