01 May 2015 12:20pm
WINDHOEK, 01 MAY (NAMPA) - The Ministry of Public Enterprises is busy surveying, analysing and categorising all public enterprises with a view toward ascertaining which enterprises will be transferred to the ministry.
There are 89 public enterprises, all of which currently resort under their line ministries with the portfolio ministers being responsible for their oversight.
Addressing a media conference in the capital on Thursday, Minister of Public Enterprises Leon Jooste explained that public enterprises can be categorised into two broad groups - commercial and non-commercial entities.
The non-commercial entities can be further categorised into regulatory and service entities. It is likely that most regulatory and service entities will remain under the stewardship of their respective line ministries, but this will only be known once the technical work is concluded, Jooste said
He indicated that once this process is finalised, most probably towards the end of this year, all stakeholders will be informed about the outcome.
Jooste also announced that his ministry has been working closely with the Office of the Attorney-General and the Ministry of Justice, in particular the Directorate of Legislative Drafting, to effect the amendments to the principal legislation which is the State-Owned Enterprises Governance Act, 2006.
This work has progressed positively and an amendment will soon be tabled in Parliament to ensure that the Act is ready to assist the ministry, the boards, line ministries and public enterprise management in carrying out their day-to-day responsibilities.
The public enterprises minister further said that his ministry was given up to a year to come up with an appropriate structure which will assist the ministry to fulfil its mandate effectively and efficiently.
This is expected to be done with the assistance of an advisory unit to be established in the ministry in consultation with all its key stakeholders.
Jooste explained that the advisory unit will consist of a group of technical experts that will conduct research on various global governance models, analyse the status of public enterprises, propose the alignment of legislation, and prepare corporate governance, amongst other functions.
Once we have concluded this process, I will prepare a formal recommendation for the President and Cabinet on the most appropriate ownership/governance model, the structure of the ministry, the restructuring of public enterprises, and proposed legislation, he said.
He indicated that for now, a working structure for the ministry has, at the recommendation of the Public Service Commission (PSC), been approved, while the ministry comes up with a full structure. All major stakeholders will be consulted during the process to provide input into the final report expected to be submitted to President Hage Geingob towards the end of 2015 or early 2016.
Jooste said his ministry is also working on categories of prizes that will be awarded to public enterprises on an annual basis, depending on their performance throughout the year.
This is done to promote the interests and existence of public enterprises in the country, he said.