Share

SOEs urged to create more jobs

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.

 

 

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.00
-0.3%
Rand - Pound
24.14
-0.1%
Rand - Euro
20.65
-0.3%
Rand - Aus dollar
12.38
+0.3%
Rand - Yen
0.13
+0.5%
Platinum
905.16
-2.0%
Palladium
1,006.63
+0.1%
Gold
2,157.24
-0.2%
Silver
24.94
-0.4%
Brent Crude
86.89
+1.8%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders