This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
ANA reports that President Cyril Ramaphosa wants the Presidential State-owned Enterprises Council (PSEC), which he appointed in June, to work quickly towards repositioning struggling state-owned enterprises (SOEs) as effective instruments of economic transformation and development.
In a statement after Ramaphosa met the council on Thursday, the Presidency said he had called on it to work with haste to ensure “prioritisation of those SOEs which can have a greater impact on the economy, mobilisation of private capital and increased operational efficiencies in support of improved national output”. The council, led by Deputy President David Mabuza and comprising cabinet ministers as well as prominent people from the business community, labour and academia, needs to identify measures necessary to stabilise and strengthen state firms’ financial and operational performances and reduce their reliance on government funding. “The council resolved to set up work streams in response to the areas of priority identified, to commence work immediately, and report back to the president by January 2021 when the next meeting is expected to be convened,” Ramaphosa’s office said.
- Read the full original of the report in the above regard at Engineering News
Get other news reports at the SA Labour News home page