ANC January 8, 2018 statement: On state capture and SOEs

Extract from the full statement

We need to act with urgency and purpose to restore state owned enterprises (SOEs) as drivers of economic growth and development. Several key SOEs are in financial distress, threatening not only their own operations, but the national fiscus. Many of these enterprises have experienced serious governance lapses and poor delivery of their mandate. These challenges have been exacerbated by state capture, through which billions of rands have been illegally diverted to individuals.

Governance of these state owned enterprises has been severely weakened and confidence in the public sector generally has been undermined.
Building on the work already underway in government to reform SOEs, we will act urgently and decisively to improve governance, financial management and performance in all SOEs and protect them from improper interference.

Corruption in SOEs and other public institutions has undermined government’s programmes to address poverty and unemployment, weakened key institutions, discouraged investment and contributed to division within the ANC and the Alliance.

The ANC therefore welcomes the announcement by President Jacob Zuma of the establishment of a commission of inquiry in line with the findings of the Public Protector’s report on state capture.
Anti-corruption efforts within the state must be more effectively coordinated and all forms of corruption must be exposed and prosecuted. This includes corruption, collusion and other criminal activity in the private sector, which must be fought with equal diligence and determination.

Strong and efficient law-enforcement agencies are critical to the fight against corruption and crime generally, and to the restoration of the integrity and legitimacy of the state. In this regard, the ANC is of the firm view that the country’s intelligence services, the police and prosecutorial authorities should be strengthened and fortified to act with professionalism, and without fear, favour or prejudice. They should continue to be at the forefront of the fight against corruption and state capture, and work with communities to deal decisively with acts of criminality that threaten to tear communities apart.

news@ujuh.co.za

The ANC needs to act with urgency to restore state owned enterprises (SOEs) as drivers of economic growth and development. Several key SOEs are in financial distress, threatening not only their own operations, but the national fiscus. Many of these enterprises have experienced serious governance lapses and poor delivery of their mandate. These challenges have been exacerbated by state capture, through which billions of rands have been illegally diverted to individuals.

 

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