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Driving investment vision, THENEWAGE.CO.ZA – The New Age

Last year, I announced a new vision for the Department of Public Enterprises, with a strong emphasis on driving investment, productivity and transformation in our portfolio of state-owned enterprises and their customers and suppliers, so as to unlock growth, drive industrialisation, create jobs and develop skills.

I will provide you with some of the concrete initiatives undertaken by both the state-owned enterprises and the department to turn this vision into a reality.

In the Transnet market-demand strategy, we are beginning to see results from an approach to planning based on what is required to unlock growth, rather than what the balance sheet can afford. Transnet has increased its planning horizon from five to seven years and the planned investment programme from R110bn over five years, to over R300bn over seven years.

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