Remarks by Mr. Malusi Gigaba MP, at the TNA-SABC Business briefing in Sandton, Johannesburg
12 Apr 2012
Last year I announced a new vision for the Department of Public Enterprises (DPE), with a strong emphasis on driving investment, productivity and transformation in our portfolio of State-Owned Companies (SOC) and their customers and suppliers, so as to unlock growth, drive industrialisation, create jobs and develop skills.
This morning, I will provide you with some of the concrete initiatives undertaken by both the SOCs 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.
As a consequence of this process, Transnet has increased their planning horizon from five to seven years and the planned investment programme from R110 billion over five years, to over R300 billion over seven years.
This an average increase from R22 billion per year to around R43 billion per year.
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