Pretoria - Government has moved to clarify confusion around the establishment of the Presidential State-Owned Companies (SOC) Coordinating Council.
In a statement on Tuesday, Government Communication and Information System (GCIS) Acting Director General Donald Liphoko said the Presidency has received several media queries on the reform of state-owned entities.
This followed the deliberations of last week’s Cabinet Lekgotla.
The queries related in particular to the work of the establishment of the council. The establishment of the council was announced by Minister in the Presidency for Planning, Monitoring and Evaluation, Jeff Radebe at a media briefing on Monday.
“To avoid any confusion it is confirmed that the Inter-Ministerial Committee (IMC), chaired by Deputy President Cyril Ramaphosa, is responsible for overseeing the stabilisation and reform of state-owned entities,” said Minister Radebe on Monday.
One of the reform measures currently being developed by the IMC is the establishment of the 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,” said the Acting Director General. – SAnews.gov.za
