The aim of the Department of Public Enterprises (DPE) is to drive investment, productivity and transformation in the department’s portfolio of State Owned Companies (SOCs), their customers and suppliers so as to unlock growth, drive industrialisation, create jobs and develop skills.
The State Owned Companies, are strategic instruments of industrial policy and core players in the New Growth Path. The department aims to provide decisive strategic direction to the SOCs, so that their businesses are aligned with the national growth strategies arising out of the New Growth Path. It will do this by ensuring that their planning and performance, and investments and activities, are in line with Government medium term strategic framework and the Minister’s service delivery agreement.
In relation to Government’s 12 outcomes, the Department of Public Enterprises is contributing directly to creating an efficient, competitive and responsive economic infrastructure network (outcome 6), which forms the basis of the Minister’s service delivery agreement, signed in October 2010. Over the medium term, the department will focus on achieving the outputs and sub-outputs that are linked to the Outcome and contained in the Agreement.
The Department of Public Enterprises is the shareholder representative for government with oversight responsibility for the following State Owned Companies:
SOCs have a crucial role to play in advancing economic growth, since they are responsible for the development of key infrastructure and manufacturing capacity for South Africa.
Infrastructure investments are a core part of the accelerated growth strategy, and SOCs are implementing comprehensive investment programmes to ensure that significant and sustained opportunities for investment are created.