Data provided by McGregor BFA
All data is delayed
Loading...
See More

SOEs urged to create more jobs

Dec 10 2010 18:52 I-Net Bridge

Related Articles

Jobs growth takes a knock

Marcus: EU woes trouble SA

Patel: State won't regulate salaries

SA seeks new markets for its food

Marcus: Growth plan won't weaken Sarb

Busa warns on wages cap

 

Johannesburg - State owned enterprises (SOEs) will over the coming months increase their focus on infrastructure plans and training in efforts to play a role in government's New Growth Path (NGP).

Economic Development Minister Ebrahim Patel and his Public Enterprises counterpart Malusi Gigaba met the chairpersons and CEOs of SOEs on Friday to discuss these organisations' roles in the new growth path.

Government plans to create about 5 million jobs over the next ten years.

It says sectors such as manufacturing and infrastructure development will get more attention as they have the potential to create jobs.

In a statement, the Public Enterprises department said the meeting has resolved that SOEs should intensify their efforts to accelerate the pace of job creation and skills development and training in their respective sectors.

The SOEs will focus on infrastructure plans, numbers of jobs created in categories such as construction, maintenance, operation and supplier industries.

"The SOE will be critical in our efforts to improve our competitiveness, accelerate our infrastructure investment programmes and reduce the cost of doing business, thus laying the platform for long-term growth" Gigaba said.

"We must raise our investment levels on a sustainable and consistent basis if we are to support the State's developmental objectives."

Gigaba urged SOEs to also identify and pursue opportunities on the continent, and called for improved co-ordination between parastatals and government.

The SOEs will prepare their inputs on their contribution to the NGP, for further discussion at a two-day workshop to be held in early January.

 

 

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Land reform process lawful - Zuma

The land reform process is being done according to the law and the Constitution, says President Jacob Zuma.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...