However over the past 16 months our work with respect to restoring good

However over the past 16 months our work with respect

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However, over the past 16 months our work with respect to restoring good governance, stabilising operations, appointing new boards and directly confronting corruption proceeded with efficiency, speed and purpose, although we admit that there is much to do. At the same time we can find both joy and encouragement from the passion, commitment and excellence among the thousands, if not the hundred of thousands of South Africans who really make these entities work – the ordinary workers, operators, engineers, technicians on the floor itself. Those are the people who drive the locomotives, who design and operate the wagons, who make our power stations work, who maintain the equipments in all of these SOEs and there are also the other crews working at the airlines which you want to shut down - SAA and SA Express.
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UNREVISED HANSARD JOINT SITTING TUESDAY, 25 JUNE 2019 Page: 303 Join me as I applaud the ordinary workers in these enterprises, ladies and gentlemen. The Presidential SOE Council as you pointed out, Mr President, will take on the formidable but important task of repositioning and reforming our SOE sector. The council will align SOEs to the national priorities and goals, decide which SOEs are strategic and which new SOEs to establish, for example. The council will advance the Fourth Industrial Revolution, reform procurement by SOE’s to reduce the likelihood of corruption and review the business models, capital structure and sources of financing amongst other elements of the SOEs as well. More specifically in the period ahead, we will ensure that we promote greater transparency and accountability to overcome poor governance; restore financial sustainability and prudence and create an environment in which – as you pointed out - skilled and professional public servants of the highest moral standards dedicated to the public good can thrive and contribute to a best in world culture; remove all vestiges of state capture and ensure there are harsh consequences for malfeasance.
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UNREVISED HANSARD JOINT SITTING TUESDAY, 25 JUNE 2019 Page: 304 Let me give you some examples of changes that are happening in various sectors of the economy which impact upon our SOEs as well. The energy sector is moving in a direction where there is a new balance emerging between fossil fuels and renewables. In terms of the logistics, new challenges and opportunities are emerging for increased regional trade from the African Continental Free Trade Area Agreement. In aviation there are new designs emerging, virtually every month of different types of fuel efficient aircraft, its consolidation of airlines and low cost airlines which are competing for long haul flights. As far as the environment is concerned, the questions that we have with regard to our challenges is how we can reduce our dependence on nonrenewable sources of energy and carbon emissions and how we can introduce new carbon capture and battery technology in our situation.
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  • Fall '08
  • Finklerberg

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