Page 35 - Logistics News June 2016

news

Private investment provide greater leverage in attracting a strategic
equity partner.
under review
An interministerial committee including
PLANS TO attract private investment into state- the Department of Public Enterprises, the
owned companies are gaining momentum, with Treasury and the Presidency has drawn up a
proposals for Transnet and the airline sector framework for private participation in state-
under development. Private investment in state- owned companies, a framework for board
owned assets has been a thorny issue for the appointments and a draft performance appraisal
African National Congress (ANC) and its allies scorecard. It appears that the reorganisation
for more than a decade after the government of state-owned companies is highly contested
canned its privatisation programme in the early terrain.
2000s following internal political opposition.

In February, president Jacob Zuma indicated
a policy change that would promote private
‘participation’ in state-owned companies.
Transnet has been looking at attracting private
investment in new ports planned for Buchu Bay
and Port Nolloth in the Northern Cape, as well
the construction of new inland terminals that
could be run by the private sector.

In the airline sector, a proposal to place SA
Airways, SA Express, SA Airlink and Mango
Airlines under the structure of a holding
company was under consideration. The creation
of a holding company structure it seems would

June 2016 | Logistics News 33