By Lungile Ntimba
The Democratic Alliance has again called for the National State Enterprises Bill to be scrapped, saying the National Economic Development and Labour Council (Nedlac) has failed to resolve disagreements between business, labour and government regarding its viability.
DA planning, monitoring and evaluation spokesperson Darren Bergman said this development reaffirmed its longstanding position that the Bill was unsuitable for enactment.
“Nedlac’s failure to reach consensus on the Bill provides a clear signal that South Africa, across all economic role players, will not allow the creation of an ineffective holding company for state-owned enterprises that wastes taxpayer money and hinders growth,” Bergman said in a statement.
The Bill, which was introduced by Electricity and Energy Minister Kgosientsho Ramokgopa, proposes the creation of a State Asset Management SOE to oversee all other SOEs, with the government as the sole shareholder.
The DA has warned that such a structure would open
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