05 May 2021 - NW626
Komane, Ms RN to ask the Minister of Public Enterprises
(1)(a) Which state-owned enterprises (SOEs) have been identified as financially unviable by his department and (b) what steps will he take with regard to the specified SOEs?
(a) The viability of the companies within the DPE portfolio would need to be assessed against a wider criterion of repurposing and rationalization of the SOE to make them fit for purpose. Once this exercise is completed then a definite answer can be provided which not only looks purely at financial viability but takes into account operational, strategic and national importance as well as responding to the economic reconstruction and recovery plan.
This work is currently being undertaken by the Presidential State-Owned Enterprises Council (“PSEC”) workstream on consolidation and rationalization.
(b) At an appropriate time, and once all the governance processes have been followed then appropriate steps will be communicated.