15 Dec 2016 18:00pm
WINDHOEK, 15 DEC (NAMPA) The amended Public Enterprises Government Bill will only be tabled in the National Assembly next year.
The Ministry of Public Enterprises (MPE) hoped to table the amendment during the last sitting of Parliament, but could not do so as there are still a few minor adjustments to be made before the Bill is ready to be processed by Parliament.
Minister of Public Enterprises Leon Jooste announced this on Thursday during a media conference here.
Our legal department and the officials from the Office of the Attorney General have put tremendous effort into this process, but there are still a few minor adjustments which have to be made, he said.
The amendment will make provision for the new categories, namely commercial public enterprises, non-commercial enterprises, and financial institutions and extra-budgetary funds.
It will also include a schedule whereby all the enabling Acts will be amended to capture the required provisions.
In the interim period, the status quo remains as before in that the Ministry of Public Enterprises shares responsibility with the various line ministries, as has been the case under the State Owned Enterprises Governance Council since 2006 and the MPE since March 2015, said the minister.
This means the line ministries have the shareholder responsibilities while the Public Enterprises Minister is responsible for governance-related directives and remuneration matters.
In July this year, Cabinet approved the Hybrid Governance Model for Namibian Public Enterprises in efforts to reform public institutions after the dual-governance model failed.
Cabinet also adopted the hybrid model that distinguishes between three primary categories, namely commercial public enterprises; non-commercial public enterprises and financial institutions; and extra-budgetary funds.
Under the dual-governance model, the responsibility of monitoring and the governing of PEs were shared by the portfolio or shareholder ministries and the state-owned enterprises council chaired by the prime minister.
In the hybrid model, the administration and supervision of the various groups of non-commercial public enterprises will be the responsibility of the respective portfolio ministries, while for commercial public enterprises, the Ministry of Public Enterprises will henceforth execute full shareholder rights.
Namibia has 72 public enterprises.