Public Enterprises

National Department Budget for 2015-16

Vote purpose

Drive investment, productivity and transformation in the department’s portfolio of state owned companies, to unlock growth, drive industrialisation, create jobs and develop skills.

Mandate

The mandate of the Department of Public Enterprises is to ensure that the state owned companies within its portfolio are directed to serve government’s strategic objectives, as articulated in the national development plan, the new growth path and the industrial policy action plan. In the current economic climate, state owned companies have emerged as key instruments for the state to drive its developmental objectives of creating jobs, and enhancing equity and transformation.

The state owned companies within the department’s portfolio form the cornerstone of the economy and their capacity must be strategically utilised to support the delivery of the national development plan’s outcomes, making the strengthening of oversight tools for the state owned companies crucial to socioeconomic transformation. The department does not directly execute programmes but seeks to leverage off state ownership in the economy to support the delivery of key outcomes outlined in the national development plan and government’s 2014-2019 medium term strategic framework.

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