The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

The South Africa-China state owned enterprises seminar

Deputy President Cyril Ramaphosa addressing the South Africa-China State Owned Enterprises(SOEs) Seminar in Beijing, China. Photo: Siyabulela Duda

OPENING REMARKS BY DEPUTY PRESIDENT CYRIL RAMAPHOSA AT THE SOUTH AFRICA-CHINA STATE OWNED ENTERPRISES SEMINAR

BEIJING, CHINA

15 JULY 2015
 
Chairperson,
Honourable Ministers and Deputy Ministers,
His Excellency Mr Zhang Yi, Chairman of SASAC,
Senior officials from the South African delegation,
Senior Officials from the Chinese Government and SASAC delegation,
Executives from South African and Chinese state-owned enterprises,
Distinguished Guests,
Ladies and Gentlemen,
 
On behalf of my delegation, our Government, and the people of South Africa, I convey my sincere appreciation to the Chairman of SASAC for making time to meet with us.
 
We are honoured too that the Chairman is accompanied to this historic engagement by senior officials from SASAC and Chinese state owned enterprises.
 
Our engagement today is an opportunity for us to learn, gain experience and understand the challenges and successes of the Chinese SOE model.
 
We are here to learn about best practice in the management of SOEs.
 
We are keen to find out more about the institutional arrangements and financial models that ensure that SOEs are sustainable and deliver on their mandate to accelerate economic growth and transformation
 
We would also like to know about frameworks for private sector participation in the SOEs to augment the capacity of the state.
 
Ladies and gentlemen,
 
The state of the South African economy requires that we implement a wide range of interventions to achieve a different growth trajectory.
 
Such growth must be informed by better developmental outcomes.
 
At the centre of this is the reindustrialisation of the South African economy supported by a comprehensive infrastructure development programme.
 
As a developmental state, the execution of the infrastructure development programme is dependent on the capacity of our SOEs.
 
The last five years has seen an increased role for SOEs in the economy.
 
Over the next five years, government has ambitious plans to change the structure of the South African economy.
 
The National Development Plan, which provides an overarching framework for social and economic progress to 2030, recognises the need for continued state participation in the economy.
 
In February 2015, in his State of the Nation Address, President Jacob Zuma announced a Nine Point Plan, which outlines key interventions to re-ignite the South Africa economy.
 
The plan recognises that our government, in partnership with the private sector, needs to play a stronger role to create a conducive environment for sustained growth.
 
This places further demands on our state-owned enterprises.
 
Many of these SOEs are confronting challenges that impact on their ability to support the execution of government policy.
 
We are therefore embarking on a programme to strengthen SOEs.
 
We seek to enhance the overall competitiveness of the economy and support South Africa’s industrialisation programme.
 
A new shareholder policy is being developed to ensure that the current portfolio is fit for purpose.
 
Development of legislation to codify the participation of the state as a shareholder is also underway.
 
We are aware that the People’s Republic of China has successfully undergone similar processes and managed to refocus its SOE portfolio to be at the forefront of its development.
 
Ladies and Gentlemen,
 
The South African Department of Public Enterprises and SASAC share similar functions of shareholder oversight.
 
Numerous visits have taken place at different levels and there have been good exchanges between officials and leaders from the two organisations.
 
We have agreed to share practical experiences on SOE reform, and to promote reciprocal partnerships and co-development of SOEs in the two countries.
 
In December 2013, a memorandum of understanding between the Department of Public Enterprises and SASAC was signed in an effort to give further impetus to the Comprehensive Strategic Partnership.
 
The memorandum affirmed the central role performed by SOEs as key instruments of economic advancement.
 
It acknowledges that through SOEs we can implement transformative interventions to accelerate development, integration and industrialisation.
 
State-owned enterprises are a critical agent in national poverty reduction plans and in improving access to basic services.
 
Through them, we are able to provide infrastructure, skills development and new employment opportunities.
 
This relationship between the Department of Public Enterprises and SASAC enables us to share information on shareholder management practices, tools and governance frameworks.
 
In working side by side with us in forging a capable developmental state, creating work and developing skills, China has become an invaluable companion in the national effort to bring hope and restore dignity to millions of our people.
 
I thank you.
 
ISSUED BY THE PRESIDENCY

 


 
 
 
 
 
 
 
_________________________________________________

August 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 

Doing Business in Sri Lanka The High Commission of Sri Lanka in Pretoria in partnership with the Johannesburg Chamber of Commerce and Industry (JCCI) organized a trade and investment promotion... <|> Daesh defeated Daesh, the extremist group that occupied the city of Mosul in Iraq has been defeated, said Ambassador Dr Saad Jawad Kindeel of Iraq to South Africa at a press conference held at the... <|> 65th National Day of the Arab Republic of Egypt 4 August 2017 H.E. Ambassador Sherif Issa and Madame Dina Zeidan hosted a reception on the occasion of the 65th National Day of the Arab Republic of... <|> Vietnam Cuisine Week Ambassador Vu Van Dzung of Vietnam in South Africa hosted the opening of the Vietnam Cuisine Week at Saigon Restaurant in Rivonia, Johannesburg. The Embassy of Vietnam is... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> The story of Diamond Lakes and the legendary Pienaar’s Pothole The story of Diamond Lakes and the legendary Pienaar’s Pothole is what intrigued Dr Navin Naidoo to go into the world of Diamonds... <|> The United Nations stands with South Africa’s women 9 August 2017 Pretoria, South Africa: The United Nations in South Africa extends its warm wishes to the women of South Africa on the... <|> UAE Embassy Women's Day initiative The staff at the Embassy of the United Arab Emirates in South Africa visited the Youth for Survival shelter on Women's Day and donated goods. The donation included... <|> H.E. Ambassador-Designate Lin Songtian arrives in SA Speaking to the press upon his arrival at O.R Tambo International Airport, Johannesburg, Ambassador–Designate Lin Songtian said he is back in... <|> Independence Day of Bolivia 6 August 2017 Bolivia signed its declaration of independence on August 6, 1825 and marked the first Independence Day for Bolivia. On Sunday, the Bolivian community... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.