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PC Public Enterprises Seeks Lifestyle Audits for SOE Board Members

July 4, 2019

Portfolio Committee on Public Enterprises

4 July 2019

The portfolio committee on public enterprises has called for lifestyle audits on the board members of all State-Owned Enterprises (SOE).

The committee made the call following a briefing by the public enterprises department on its annual performance plan and budget for the 2019/20 financial year.

In a statement, the committee also welcomed the setting up of the anti-fraud and corruption hotline but expressed concern at the lack of detail on cases already addressed.

The failure to reach employment equity targets, in particular for people living with disabilities, was also red flagged.

The committee called for further detail on plans to address this.

Prosecutions for corrupt and criminal activity within SOEs was also something the committee wants to see action on.

“We want to take the process forward and deal with problems in SOEs. We want incorruptible SOEs, profitable and sustainable,” said the committee chairperson, Khayalethu Magaxa.

During its briefing, the department declared that new boards have been set up at Eskom, Safcol, Denel, Transnet, South African Express and Alexkor to address governance issues.

A Draft Shareholder Management Bill was also under development designed to “synchronise SOE management”.