Share

Mboweni: I promise you Mabuza does take me seriously

"Dogma, backwardness and over-enthusiasm" are not helpful when it comes to dealing with struggling state-owned enterprises, Finance Minister Tito Mboweni has said.

Mboweni was responding to a question from DA MP Alf Lees regarding non-core state assets being considered for disposal, a day after Deputy President David Mabuza said he did not take Mboweni's comments seriously on the need to sell off SOEs.  

Mabuza had been referring to Mboweni's social media comments on privatisation, which Mabuza said did not necessarily correspond with the views of government.

Lees quipped that he took the finance minister seriously, to which Mboweni responded: "I can promise you the deputy president takes the minister of finance seriously.

"Don’t pick and choose what the deputy president said and use it wrongly."

In Gordhan's corner

Mboweni said that Public Enterprises Minister Pravin Gordhan has taken the correct approach to SOEs.

"We have said that we should identify the group of non-core assets between arsenal of SOEs and on a case-by-case basis seek to deal with issues.

"Not ideologically, but on the basis of scientific information at our disposal to achieve the desired results," he told the National Assembly.

Mboweni added that when he first joined Cabinet in 1994, the evaluation of non-core assets was an issue, which is still being dealt with today.

Want info? Win the election

Lees probed Mboweni further about how SOEs would be funded. Mboweni said that as finance minister, he is privy to information about which assets are performing and which are not.

He told Lees this is information he would only be able to attain if the DA won elections.

"Once you win elections, you will be finance minister and you will have all the information at your disposal and you can do what you please."

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
18.62
+0.9%
Rand - Pound
23.32
+0.7%
Rand - Euro
19.95
+0.5%
Rand - Aus dollar
12.14
+0.3%
Rand - Yen
0.12
-1.3%
Platinum
963.20
+1.8%
Palladium
955.50
-0.2%
Gold
2,318.80
+1.4%
Silver
26.67
+1.5%
Brent Crude
86.33
-1.0%
Top 40
69,925
-0.7%
All Share
76,076
-0.5%
Resource 10
61,271
-4.5%
Industrial 25
105,022
+0.4%
Financial 15
16,591
+1.0%
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