OPPORTUNITIES INCREASE FOR PRIVATE/PUBLIC SECTOR PARTNERSHIP
By: Sthabiso Mdledle
Public Enterprises Minister Lynne Brown addressed the Johannesburg Chamber of Commerce and Industry (JCCI) on Tuesday on the many opportunities for the private sector
to partner with state-owned companies.
The minister outlined the progress made on the Nine-Point Plan.
According to the Presidency, the plan was announced by President Jacob Zuma earlier this year. It seeks to ignite growth and create jobs by chiefly focusing on resolving the energy
The plan also encourages private sector investment, advancing beneficiation in the country’s mineral wealth and ensuring a more effective implementation of the Industrial Policy Action
“The Nine-Point Plan clearly states that government will be intensifying its efforts to drive industrialisation and roll out infrastructure development programmes in order to create decent
and sustainable jobs, reduce poverty, stimulate export-orientated industries and improve the competitiveness of South Africa,” said Minister Brown.
She added that the government, through the Department of Public Enterprises, is driving infrastructure development in the energy sector, mining, export manufacturing as well as the
transport sector through the Durban-Free State-Gauteng Corridor; South-Eastern Node and New Multi-Purpose Pipeline.
“It is clear that the private sector has a significant role to play in the infrastructure rollout partnering with state-owned companies.
To coordinate and promote the public-private partnership, government has developed a Private Sector Participation Framework (PSP) that guides the investment of the private
sector,” she said.
Brown added that there is a lots of scope for the private sector to get involved.
The Presidency said that the framework has 22 pillars that aim to explain the implementation plan of PSP.
The PSP aims to bring about an enabling institutional environment and encourage responsible business conduct.