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Deputy President Paul Mashatile in the NCOP
The National State Enterprises Bill 2024, which lapsed in the sixth Parliament, has been revived by the seventh Parliament. The Bill, among other things, aims to develop a centralised entity for the ownership of State-Owned Enterprises (SOEs).
Deputy President Paul Mashatile made the announcement during the oral answer session in the National Council of Provinces (NCOP) in Parliament.
Mashatile said one objective is to create a state asset management and a state-owned holding company to monitor work, including the performance of SOEs.
“In this regard, the National State Enterprises Bill which lapsed in the sixth Parliament, has now been revived in the seventh Parliament. Among other matters, the National State Enterprises Bill 2024 is aimed at developing a strategy for National State Enterprises to establish a state asset management, state-owned company to prove for appropriate and effective monitoring and reporting mechanisms over state enterprises and subsidiaries,” says Mashatile.
Mashatile says the government sees the township economy as essential in growing the country’s overall economy.
He says the government has made various interventions to strengthen and revitalize the township economy.
The Small Enterprise Finance Agency has R60 million available for small businesses.
He says government does not only view the township economy as spaza shops.
“I’ve discussed with both ministers of small development to push provinces in that direction, more activities, real activities, not only spaza shops. When people think of township economy, they think spaza shops. We want to see real manufacturing that must take place in our townships,” says Mashatile.
Deputy President Paul Mashatile Q&A session in Parliament:
