Presentation to the Portfolio Committee on Public Enterprises

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DPE - Background. The Office for Public Enterprises was initially settled in 1994 as a Schedule two association. At the time the essential goal of the Office was to champion and direct the rebuilding of State Owned Enterprises (SOEs) to guarantee ideal monetary and improvement sway. On 25 July 1995 the Ministry of Public Enterprises, issued a \"Discussion Document by the GNU on the Co

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Introduction to the P ortfolio Committee on Public Enterprises Presenter: Malixole Gantsho Venue : Cape Town Date : 19 August 2002

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DPE - Background The Office for Public Enterprises was initially settled in 1994 as a Schedule two association. At the time the essential goal of the Office was to champion and direct the rebuilding of State Owned Enterprises (SOEs) to guarantee ideal financial and advancement affect. On 25 July 1995 the Ministry of Public Enterprises, issued a "Discussion Document by the GNU on the Consultative and Implementation Framework for the Restructuring of State Assets". HSBC was government's general rebuilding counselor from October 1996 to October 1999, with different guides' association at a particular exchange level. Their order permitted different government divisions to draw vigorously (exchange aptitudes) on their skill and assets at a charge.

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DPE - Background At a Government " Lekgotla " in November 1999, a choice was taken to quicken the rebuilding of State Owned Enterprises (SOEs). In 1999 the Minister of Public Enterprises made a portrayal for the updating and re-assignment of the Department of Public Enterprises as a timetable I National office, from being a calendar III Office. This required the need to source area particular aptitudes in vitality, broadcast communications, protection and the vehicle segment. Moreover, the office likewise centered around non-center resources and master administrations where exchange are overseen inside the rebuilding project of the office. In August 2000 Government through the Department of Public Enterprises divulged its rebuilding of state claimed ventures structure – Policy Framework: Accelerated Agenda for the Restructuring of State Owned Enterprises This system shapes the premise of the South African Government's rebuilding program.

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DPE - Vision The Department feels that it is imperative to have one normal, shared comprehension of where it is going as an association. That an unmistakable vision would give the reviving cry and soul of fellowship required with a specific end goal to empower it to convey on its order. The Department has detailed the accompanying authoritative vision to guide it through the following four years: " Restructured SOEs in an internationally aggressive condition advancing monetary development and a superior life for all " . New Vision (affirmed): Restructured State Owned Enterprises, in an all inclusive focused condition, advancing monetary development and a superior life for all.

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DPE - Mission The vision must be proficient on the off chance that it is converted into activities that individuals can take part in and having done as such can be measured regarding how well their endeavors contributed towards accomplishing the vision. Along these lines the following level of operation of the vision is the mission. The Department has detailed the accompanying hierarchical mission to guide it through the following four years " To coordinate and deal with the quickened rebuilding of SOEs to boost shareholder esteem " . New Mission (modified): Maximize shareholder esteem, to bolster the accomplishment of monetary and social destinations of Government.

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DPE's Mandate Accelerate the rebuilding motivation of SOEs Maximizing shareholder esteem Promoting full scale monetary development and rivalry Promote more extensive cooperation in the economy (IPOs retail offer for HDIs) and rebuilding (BEE) Mobilize private capital and aptitude Ensure that SOEs are proficient, aggressive and advance administration conveyance Monitor and measure execution Contribute to lower open area acquiring Mitigate nation hazard related with verifiable unforeseen liabilities and furthermore those that are unequivocal (certifications)

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Internal to the firm, business or segment Broader financial effects Social effects Enhancing productivity and adequacy of state ventures Reducing people in general segment getting prerequisite Ensuring more extensive support in the South African economy Accessing universally focused innovation Attracting remote direct speculation and portfolio inflows Mitigating conceivable pessimistic social effects emerging from rebuilding Creating powerful market structures in the divisions as of now commanded by state possessed undertakings Financing development and the necessities for modern intensity Promote practical work, either specifically or in a roundabout way, through changes in the economy Mobilizing private segment capital and skill Social and Economic Impact

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INSTITUTIONAL FRAMEWORK INSTITUTIONAL FRAMEWORK NEDLAC NFA PARLIAMENT Other

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DPE Organizational Chart Sivi Gounden Director-General Jeff Radebe Minister Eugene Mokeyane DDG IPO Office Ike Nxedlana Chief Financial Officer Finanical Management Nonkululeko Msomi Chief Director Performance Monitoring & Benchmarking Malixole Gantsho DDG Restructuring Nthabiseng Seperepere Director Alternative Service Delivery Moretlo Mokuele Chief Director Corporate Services

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Executive Summary - Biography Jeffrey Radebe, MP, Minister of Public Enterprises Minister Radebe is the political leader of the Department of Public Enterprises. He holds propelled global law degrees and was a granted a privileged Doctrate in Humane Letters by University of Chicago. His advancement and deduction is insipired by compositions of dynamic masterminds like Karl Marx, Angela Davis, Albert Luthuli.He is at present serving his second term as a bureau Minister, and was beforehand Minister of Public Works. His long standing political history and activism in freedom battle of our nation contributed in his vision and duty to the reason for the general population. It is this experience move his work in his current potfolio in guaranteeing that the predicament of State Enterprises adds to the financial improvements in our general public.

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Dr Sivi Gounden – Director General Dr Sivi Gounden In April 1999, he was delegated Director General of the recently settled Department of Public Enterprises. He holds a PhD – Engeneering from Univesity of Natal. He has broad involvement in formative undertakings through open area acquirement. His past position at Department of Public Works saw him presenting the idea of Public Private Partnership for Public division obtainment and he likewise added to government's green paper on Public Sector Procurement in 1996.

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BACKGROUND OVERVIEW "WHY RESTRUCTURING" Macro-financial advantages – diminishment of Government's acquiring necessity, unexpected liabilities (certifications) and lower loan costs Ensure more extensive dynamic cooperation in the South African economy Enhancing dynamism & intensity along these lines upgrading the productivity of the different SOEs Unlocking Private Sector – drove development Free assets for social administrations and foundation spending Consumers to profit by lower costs and higher quality administrations brought by extended rivalry An impetus for Foreign Direct Investment (FDI) a.k.a "block and cement" Accessing universally aggressive innovation Development of Capital Markets

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Forms of Restructuring Concessions (BOT) Strategic Equity Partner (SEP) Strategic Management Partner (SMP) Public Private Partnership (PPP) Privatization (Full or Partial) Securitisation Equity Linked Products (Convertibles) Floatation of SOEs (Initial and Secondary)

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Overview of Restructuring 2001-2002 Government remains unequivocally dedicated to rebuilding of state possessed ventures as a vital piece of our monetary and social change . Responsibilities Made to the Portfolio Committee Last Year 2002/2003 speaks to increasing speed in the execution of SOE restructuring. Requirement for the arrangement of Portfolio Committee program with Departmental program to guarantee helpful engagement before usage. Responsibility to profit Ministry and Departmental assets to bolster Portfolio Committee program.

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Overview of Restructuring 2001-2002 Commitments Made to the Portfolio Committee Last Year (Cont) Finalization of sectoral approaches. Conclusion of basic enactment Interaction with sorted out work on rebuilding activity Careful audit of current shareholder compacts and improvement of future shareholder compacts 2002/2002 speaks to increasing speed in the execution of SOE rebuilding

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Overview of Restructuring 2001-2002 Progress Made 2001 – 2002 Significant advance was made in key sectoral polices, for example, broadcast communications, vitality, mining and ports. These strategies and legitimate structures lay the reason for quickened rebuilding this year and past. A year ago observed likewise a focused accentuation on non-center resources, for example, Aventura, Alexcor, and Air Chefs. Critical advance was made likewise in building up a culture of corporate administration in SOEs through fortifying of sheets, finish of shareholder compacts, and a structure for overseeing shareholder interests.

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Overview of Restructuring 2001-2002 Progress Made 2001 –2002 (proceeded with) Significant advance was made in key sectoral polices, for example, media communications, vitality, mining and ports. These approaches and lawful systems lay the reason for quickened rebuilding this year and past. A year ago observed additionally a focused accentuation on non-center resources, for example, Aventura, Alexcor, and Air Chefs. Huge advance was made likewise in building up a culture of corporate administration in SOEs through fortifying of sheets, finish of shareholder compacts, and a system for overseeing shareholder interests .

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Overview of Restructuring 2001-2002 Progress Made 2001 –2002 (proceeded with) We have obviously exhibited our dedication to connect with and counsel with every single important partner to fabricate accord and support for rebuilding activities. We have reinforced the working of the NFA, whic

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