Zuma appoints SOE review committee

Speaking during debate on the presidency budget vote in the National Assembly, he said the medium-term strategic framework released last year stated the need for reviewing SOEs as part of the economic transformation agenda.

"We have to ensure that while they remain financially viable, the SOEs, development finance institutions, as well as companies in which the state has a significant shareholding, must respond to a clearly defined public mandate, and help us to build a developmental state," he said.

"I have appointed a Presidential SOE Review Committee to undertake this important work."

The committee would be chaired by Mangwashi Victoria Phiyega.

Other members were Glen Mashishi, Mafika Mkhwanazi, Deon Crafford, Swazi Tshabalala, Dawn Morole, Pramod Mohanlal, Gugu Ngcobo, Mbulelo Mzamane, Takalani Madima, Lumkile Mondi, and Nombulelo Mkhumane.

"We wish them well as they undertake this important task over a one-year period," Zuma said.

- Sapa