Department of Public Enterprises Set To Fix SOEs But No Word On Review

THEBE MABANGA

Government would like to stabilise State Owned Enterprises (SOEs) to a point where they pay dividends to the fiscus while the Department of Public Enterprises has developed a range of new indicators to measure performance, including an Independent Board Performance Index, which set board a minimum target of 80% performance over the next five years.

The department, led by deputy minister Phumulo Masualle and acting Director-General Kgathatso Tlhakudi, briefed the Portfolio Committee on Public Enterprises and the Select Committee on Public Accounts and Communications on the Department’s current performance and its five year strategic plan.

The committees took exception to the absence of Minister Pravin Gordhan, who over the past month appeared in front of these committees to brief them about Eskom, SAA and Transnet as well as the Standing Committee on Public Accounts.

Masualle competently stood in for Gordhan, telling MPs that the department is assessing the