Inquiry into localisation policy in SOEs to begin
Trade and Industry Minister Rob Davies is also concerned about the lack of adherence by government departments and SOEs to the policy of designation
Parliament’s trade and industry committee is due to launch an inquiry into SA’s localisation policy, and its implementation by public-sector entities and state-owned companies. The committee believes the policy might not have been implemented effectively. The form of the inquiry still has to be decided and the terms of reference will be drawn up during the two-week parliamentary recess which begins on Monday, committee chairperson Joan Fubbs said after a committee meeting on Friday. The committee has been engaging with state-owned entities (SOEs) and companies over the implementation of localisation and was concerned that it was not being implemented. “It is a serious concern and we are trying to get at the bottom of it. We don’t believe we are getting all the facts,” Fubbs said. She said the committee was not satisfied with Friday’s engagement with Transnet executives and had not been entirely satisfied with other interactions with other SOEs and companies on localisation. There wa...
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