A draft policy document compiled by South Africa’s governing party suggests the private sector play a greater role in the economy, a proposition that’s favoured by President Cyril Ramaphosa and provides further evidence of a shift in thinking in an organisation that’s traditionally backed state-led growth.
Efforts to revive an economy have foundered in the wake of the Covid-19 pandemic and nine years of misrule under Ramaphosa’s predecessor, Jacob Zuma, during which the government estimates more than R500 billion was stolen — mainly from state companies. “Programs to unlock wider access to land ownership have not been effective or sufficiently ambitious in scale,” the ANC said in the document dated April.
💁🏾♂️Dudula imidlwembe!
Wow, congratulations Mr president and the whole NEC finally you have delivered to your handlers by privatising all that's was left in the state
Clearly, these are new resolutions 😩
They should take over a failed government...
Da country has been sold...🙆🏾🤦🏾♂️
Bayanikezela ngoku (they are giving in)
Private companies are over-cautious over the systemic corruption of the leadership of the ANC at every level of government. Corruption represents red flags 🚩 🚩 🚩 🚩 🚩 to investors. Corruption could lead to the downfall of the ANC
ANC transferring Nat legacy of fully functionng SOE's, and now destroyed by the ANC, to the private sector as an ANC legacy. What a laugh. Nkosi sikelele iANC.
It's a draft. Ngoku? What must happen now? Drafts don't mean anything.
He is selling everything so that SAns are left with nothing whilst him and business partners picket money. We regret the day we had this guy as our President
What painful is this. People of south africa don't know whar is going to happen. Here. Its going to be hard for them. Our country has been sold here to capitalists
Why our our south african government handed over all these state departments and state Entities to private cooperations that belong to west of white monopoly capital?
Its obvious to us. ANC GOVERNMENT NEVER RELEASED PEOPLE OF SOUTH AFRICA FROM THE CHAIN OF APARTHEID AND OPPRESSION. IT OBVIOUS TO ME. BRITAIN AND USA GAVE THE ANC THE OPTION. THIS KIND OF SCAMDEMOCRACY. THEY WERE GIVEN BY THIER FORMER COLONIAL MASTERS. WHY OUR
We do not have money to fund this SOEs we are unemployed. let those who have enough capital take over invest in them
And all those private companies will be owned by his friends
yes
Who can afford to buy those state failed things?
Don't for a second think that this as simple as it may sound. The ANC will NEVER simply allow this without some sort of benefit for THEM not the country. Watch which 'private entities' get to take these businesses over, if it ever happens.
My question is, which single SOE is doing well and making profits for the state!
So everything is going according to plan
Mthengisi
Although many people might think this is good, it means globalist corps will run the country, set the prices and the rules without any political accountability. The massive IMF covid loans probably are conditional that CR privatise public utilities, disenfranchising citizens
Private companies managed by the anc...looting machine continual
The SOEs they deliberately destroy so as to hand them over to Europe.. Another form of colonialism 🤞🏻
What do u say about that puppet Ramaphosa
SA has been taking loans from the Western Bank for years to be indebted to them without much outrage. Now that it wants to privatize SOE’s to give them to individuals regardless of race who have more knowledges to run them you’re shedding tears. RET folks. 😂
We need to crowd fund a private government.
With the anc keeping a controlling or veto stake in order to benefit from future procurement and free carry salaries?
As long as it's not the top ANC people that own those same companies!!!!
But those companies all belong to Cadre’s and their buds and families.
From our cold dead hands ...
Pls don't use the name ANC. it is Cyril's policy not ANC.🚮
Cyril's policy to privatise all SOEs in the name of failing. Why is it failing in his tenure They want to make SOEs their businesses, yerrrrrrr😔😔😔😔😔😔❌
Corrections: That last sentence is *ANC theft policy.
Now that it has been stolen bare by the anc thieving thugs.
Just not Rainbow Power and Energy please
Because you are useless.
Mr shovel head wants to give us advise again. Wow.... 🚽
Yes time to privatize now neozar_sa
Should do this should do that but nothing happens now san rail collapsing don’t you feel foolish ?
So Ranko's aim is to sell all SOE's to his white friends?
That was his mandate from the onset so no surprises there.
Ofhie57405558 Gov't 1st wreck them and now want private companies to take over. They must be crazy! MYANC PresidencyZA
LandNoli Powerful strategy: Collapse the SOEs and sell it (with its infrastructure and assets) to your friends for a cup of soup. Amazing!
New dawn of privatization, ANC is the death of us
Who would want them though?🤷♀️
Ah ha... Here it is..
5 years later, things are making sense. Sad.
We’ve been calling for this for years now. Why the sudden change of mind?😂
And of course they will have to be black owned which will exclude white owners.
'A corrupt ANC will be worst than Apartheid government ' OR Thambo
Interesting developments tyengeni1954 Lesufi mzwandileMasina LindiweSisuluSA nithini maqabane?
Give other party a chance who will be able to manage government- isn’t proof that anc failed?
Yes!! Hand over these crippled dinosaurs to competent private businesses. And, without political interference, see them shine!! And create actual jobs!
This is kaak
Just a few months after the famous “Job Creating “ speech with the Soweto entrepreneur 🫣
I hope you see now apartheid didn't end it just transformed into so called democracy
This makes no sense. On the one hand the ANC wants to seize land without compensation. And on the other it wants to sell off existing assets at bargain prices. So taking from citizens and giving to foreign owned multinational corporations. That is what will happen.
this explains why they have been killing them
He knew what Cyril was going to do and what promises he made
I remember when Ramapjosa became president and this was a conspiracy
I concur with president as maintenance people at ESKOM sabotage the system in order to work for overtime
Socialism for the few, Free Market for the rest of us...
Ikuphi I EFFSouthAfrica
Dat was the plan we knew 🤷♂️
Here is the problem, we are going to move the corruption from one place to another. Same game different players. There needs to be a serious overhaul of corporate governance and the political will to kill corruption before these companies will improve.
For assistance dial J. G. Z U M A 🤣🤣🤣🥲
The final pocket-lining opportunity for ANC cadres.
🤣🤣🤣🤣
And keep your rubbish BBBEEE policies away from them please CyrilRamaphosa
List those with potential to be privatized...e.g 1) PetroSA 2) AlexKor
Nazo Ziyakhala 🤣
Double standards. Private companies must become shareholders in failing SOEs while farmers must give thier land to poor people? How can this work? Both will become poor.
No
Why would private business want to take over SOE's? You will be forced to employ all the same people and you will have to have cadres on your board and you will have to gift 25 percent of your shares to politically connected people.
They deliberately failed the companies in order for their cronies to take over the companies.
… will be a stupid move by anybody planning to buy into this…. Once it’s working again they will call for nationalisation……. Any bets?
That better be real private companies able to carry out real business - swapping failed government for cadre and anc-buddy fronted straw dolls will just deepen the crisis!
Ony the elite will invest in them....poor shall remain poor the rich shall thrive
Totally agree. But with NO BEEE. Companies built on merit and knowledge. It might come as a shock to the ANC. But we actually do not need any of you to put things right again. Just bugger of to Dubai with your bent mates. Live on your crime proceeds. In 10 years SA will flourish
That’s been their plan vele the whole time so they can own those companies, hike the prices and you won’t have any say!
Ah yes, and who will own these so called 'Private Companies'?
Ofhie57405558 Eskom is going upon eminent transition to electric cars, the investors are going to generate exponential revenue we trust the EFF to stop the selling of eskom it is yet to be profitable MbuyiseniNdlozi EFF
Yea right. Not going to happen with the current racist BEE policy in 🇿🇦...
Those who don't understand what the president mean with his proposal for the elites/'private sector' to take over State Owned Businesses The Global Power Elites are taking over the world,in order to implement the New World Order
Trying to get votes back for next year
They cynic in me says this is so that once the firms are profitable again they will be taken back by the cadre, err I mean the state.
Its high time that this be actual used because privatization amongst other thing maximize profit and that's what our economy requires currently
Hopefully not corrupt ones or corruptible ones then it will work, and no placing of cadres as well
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At no cost of course.
The ANC as a collective must realise and accept that SOE have failed dismally over the years and to save them is to privatise them unless their intentions are continuous looting. If they don't go that route the country will become another failed pan african state.
ANC has thrown in a towel this is admittance of failure so why are they still calling themselves government 🤷♀️
Hahaha so now that anc has stuffed up all SOEs private sector must buy them!!!! What a bloody cheek!
*Fair* and *open* markets are better than government operated anything or monopolies. Open the market. Make it fair.
Bloody stupid Ramaphosa. SOE's are failing because of him and Pravin Gordhan's incompetence. Privatization of SOE's failed all over the world, why does he think it will work in SA!?
After 2024 they won't be in government. ANC understands economic power when it comes to its thugs not citizens.
SMH
That was a plan from the beginning, wasn't it?
ANC long sold out but pretending to be a liberation movement with no plans to gorven this country
They realise they're on their way out. They wanna take everything with them
They are ruining the state firms intentional so they can privatise them… that’s Ramaphosa job to private the state owned firm during his term
Lenja le💔
Privatisation loading.......
There might be someone who has a plan out there. This president needs to call upon all parties and ask for their views. People will loot baba i am telling you.
He kills all state companies n then says come take it over n him as a share holder himself n his son just as his son has bought DENEL Arms Company.
Thus the end, wait and see!
He's privatizing everything now
Lol Cyril is showing ANC voters flames, auctioning what's left of the country to the white people, by the way he still needs a second term. The man is moving nicely on his plan for privatization. His biggest focus are Prasa, Transnet and Eskom.
His selling everything including us
Wtf is wrong with this Cyril though
The biggest problem with white owned companies they racially profile us and discriminate against blacks. The racism shown by SA banks is a good example they will never repossess the car/house of a white person but they're very quick to do so to a black person. Even when they...
Sell Eskom to the white guys....they know how to fix things....no more state owned enterprises.... Another Afrikaans university going up...well done to the Boere...builders of the country!!!!
Penny has dropped or just placating SA tax payers for a few more years.
Everything is going according to plan
I want Transnet
To rather stay with critical ICU SOE’s, who survive on state bail outs. This makes business sense, some won’t understand from red colours.
Ramaphosa’s role is to take all state powers to the white minority and he is happy to give the black majority R350 renewable grants. He is succeeding. WakeUpAfrica
Most comments be like: 'We don't want SUE'S to work, we want them to be full of looters and incompetents. VIVA AMANDA.
Ya neh…. That Letta Mbulu song.
Youth don't want to farm, they want hand outs to rent the farm back to original owners and then kill them and steal their stuff.
South africa is finished
With the greedy palms of MYANC cadres waiting for their share
So that the ANC can yet again INTERFERE with the privatised company, because the ANC forces discriminatory labour practices onto private firms. There are militant elements within the ANC who will, inadvertently, together with Gwede Mantashe's labour unions create a new disaster.
Well the cats out the bag 🤦🏽♂️🤡
It seemed like this was the plan all along 🥸
Welcome to the South Africa under ANC rule. Screw everything up and blame apartheid. Then try to sell whatever they destroyed for a profit. We need to see the contracts going out to private companies. And the shareholders and consultants. The ANC will have a way of profiteering
CyrilRamaphosa Chris Hani and Sisulu must be turnin in his grave
& who will there 'Private Companies' b ? Da very same people the looted & drove it to da ground .....
Eeish there are some stupids here,their answer is not to change but rather to keep the SOEs under the looters so that we can keep wasting our tax money…privatise them now,make them work,stop the bleeding and save the country’s balance sheet
Investors must start/build their own firms instead of scavenging..
The real state capture.
Flat footed to benefit the elites
That will be a great move!
Loool there’s nothing to take over anymore
Most are not failing because of the business model but because of poor management so when the private sector takes over its gonna seem like oh my what a miracle when all it was is good governance
They collapsed the state companies just catch them the other side. That's the evil ANC for you. Sadly, many are still fast asleep.
This shit party must voetsek
Bwa ha ha, now that they have stripped them naked, stolen their assets, now…… private companies must take over and fix. What a cheak
Get rid of Bee and stupid labourlaws.
Please no
With Bee policy.Bawaaa
Never believed those who said Cyril is captured by whites but everyday he proves that he is agent of whites and want to handover black ppl's inheritance to whites. Guy must fall before its too late
They must privatize the ANC
Funny, because that is against the very foundation that is the ANC's socialist ideal and totalitarian control
Askari is focused.
Mara we are also pathetic as black south Africans. You telling me blacks cant defeat this one bastard called Cyril? No guys let's fight back
It should've been done longtime ago the country could have saved trillions. It's embarrassing to think of what the anc did to these entities
'Must take over = I will sell to myself'
Cyril and his ANC are a project of whites with one MISSION of selling SA. Those policies should never see the light come 2024.
People should get rid of these SELLOUTS. 27th May is the day Mandela and his puppets tightened the grip of SLAVERY on the Broken Natives, agreed to FRONT for the APARTHEID REGIME, agreed to continue with racism and APARTHEID, agreed to be buffers of whites and Indians.
Aha! This is his true agenda. The fundamental details lie in those sealed bank statements & codesa minutes. Those who voted for this guy & his crew, i hope you are happy.
There's is no government ran by private sector. This is a huge risk to an already polarized state.
The White man still owns South Africa. They own the economy. CODESA was a scam.
MYANC is failing and is now selling state owned entities to CR17 funders
A government that can't run a business can't run a country. They have no clue on growing income and profit, therefore they will never fix the economy.
We Dudula syavuma
Nonsense
Way to go👏👏
Cyrilramaphosa you failed majority of South Africa knowing exactly they can't compete with minority.
Is it impossible to avoid cadre deployment and appoint competent individuals instead?
Sanity beginning to prevail?
Wonder if there would even be any takers given how they have been run into the ground.
ANC has gone to the dogs
SOLD!
Umthengisi
Logic, who operates in those private companies? Cause thr problem is not the government itself but ANC government hiring unqualified, unskilled and inexperienced personnel in out SOE. Private people are all driven by profit (cutting jobs in the name of saving cost). We doomed.
All those state owned entities are going to be owned by ANC cadres and their children It’s russian oligarchy all over again You are going to have billionaires over night The original ANC plan is coming to fruition
Umthengisi .... He selling alright
CyrilRamaphosa u are a curse
Mfanaboy Just say it... you want Eskom privatised. It’s been coming
Watch the space, a certain sbali will buy power stations
And that is not state capture 😒 🙄 😑
I'm a fan of Capitalism but once too many Private companies own state owned companies, CyrilRamaphosa MYANC you'll lose the grip of your power(law)
Guys state power was won by the sacrifice people on the streets made when ANC ran to exile and now they came back to sell us. People were killed and families were broken to have these small rights. The sooner we get rid of Cyril the better. MAKAHAMBE!!!
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That's what 'New Dawn' has been about since the beginning, finishing off what Thabo Mbeki started
CoruscaKhaya Cyril is preparing cups of cash for all the delegates to help wash down this bitter pill of betrayal he's about to force down their throats. Basically Cyril has performed a silent coup in SA.
That's it ladies and gentlemen. Game over. The man selling South Africa to the highest bidders. Private Companies owned by white folks will take over South Africa starting from top rotten leader.
The ANC's doing not Ramaphosa alone
SuperiorZulu Thuma mina😥
SuperiorZulu Privatization in the cards. Will he be able to convince the branches though?
Yhoo yoo yoh phuk ths man 😭
When did the ANC become a one man show?
Vote ANC out
So that when they are back working they can be Nationalised!
Lmfaoo this was the plan from the onset
Easy after CR the assets gets simply nationalised & prosecute rouge sales like criminality of SAA disposal. From now to December, time is too short. There is still July in between we might never know.
Then you hear a Black person saying Cyril for second term. To do what exactly?
If uMdidi was a person.
It's always been part of the master plan, the rich must become richer the poor must become poorer
Curious6263 Wheels are already in motion. Kushoda sibone u Robocop replacing Sgt kokobela.
SekhemkhetIII Why not wake up king Leopold from the dead to take over already 😒
Tell me am dreaming, wht nonsense is dis 🤷🏽♂️
THIRTY YEARS TO LATE FFS.
Private companies failing themselves,where's Steihoff, the major construction companies?.. Hullets is filled with corrupt.But Ramaphosa probably has it lined up for his friends. Just like how he became an Instant Billionaire post Apatheid
Bullshid
We should reject this by all means necessary
Watch the likes of Tony ace carl batha will act as though this is foreign yet they sit on the nec
So we will have more South Oligarchs 🤣🤣🤣🤣
So myanc destroys the value in these Monopolies then will sell it to 'private sector' as in themselves and their buddies for peanuts ?
We are definitely doomed in this country under the leadership of Cyril Ramaphosa.
How about a regime change? Let's DrainTheSwamp2022 & re-call the entire inept and corrupt ANC regime!? Doesn't help to just take over SOEs, but the cause of the disaster remains in State coffers.
Will be sold of to connected cronies at rock bottom prices similar to SAA.
I thought they were already sold by zuma
dbuwa Private companies are profit driven. The poor banyile mos la😭😭😭😭😭😭😭 I'm laughing because shall I not I am going to cry
and who gets to own the companies ......
Since 2018 government problems are men made to Privatize the SOE's. And this phase will be pushed so hard these coming months b4 the ANC Conference bcos there's uncertainty whether the Masters will be able to buy that conference.
Then cut tax
Yoh wtf... How did we get here
Only and only if the books and balances sheets are restored as they were on the day of takeover by the MYANC . Any shortfall in funds to be recovered from the ANC politicians as individuals and as a collective and then go after their supporters.
mrlungisa liya hamba ilizwe maqabane.
'We will own nothing, and will be happy.'
I,really don't get this, during apartheid White Government were using money from SOE's to run the country, but now they talk Privatization, why.
😂 😂 😂 If that is adopted as policy position of the Anc, then they should forget about governing the state! That will be the end of political party system of governance in SA, private individuals will run this country
With where I’m sitting - we better do that before we become another Zim Even Nigeria is going that route cause Public sector work ethic is a wow !
Wow, that was the plan from the first place
🇿🇦 have themselves to blame after giving apartheid son a chance to give back this country to those brutal unforgiving busted kanti ninathembeni what had Cyril achieve on his life time 😒💔🇿🇦
😂😂😂😂Stage two, take over SOE ✌️
This thing called Cyril ke mathata the man doesn't give a damn abt black people a real real house negro, eish 🙆🏾♂️
From Mandela, after he was released in prison . So ain't surprised at all
We know...
We know...
We know...
Thatcher reincarnated 🥹 Love it!
It always was Anc policy from '94. Now they're emboldened to pronounce it because the project to destroy SOEs is almost fully realised.
That's fine, but the ANC needs to be held accountable for destroying the SOEs. If you destroy governement assets, you must go to jail.
So where is all our taxes going?
RET forces must insist that these things go to black people at the very least.
Break it down until people get too frustrated and then privatize it 🤡
Point of correction, it’s CyrilRamaphosa faction not ANC. That draft policy is not ANC structures resolutions but merely certain faction doing everything to please their Masters at the expense of citizens. The current ANC resolutions speaks of RET, LEWC, Nationalisation of SARB
And then get rid of bbeee total failure as we all know
This was always the plan
Hard to believe this, but if it is true, even just the high level thought process is very mature. Let privately owned enterprises take over, gov, still keeps a stake and earns profits which they can use to uplift education, medical and SAPS. Interesting times.
Now it's makes sense why De Klek said if Ramaphosa kept his promises 🚮🚮🚮
Done deal?
Bit by bit...sibuka😭
New Dawn
🤣🤣🤣
CoruscaKhaya This has also been the ANC's and National Party's agenda. The deliberate destruction of these SOEs under the guise of state capture was always aimed at ensuring that Zuma gets to be blamed for this when the entire ANC leadership were in and are the beneficiaries of that project.
The ANC has a responsibility to recall this 1
2. These Companies must be allowed to shut down. The New Owners should buy them for R1 and Restart them with a New Name. Have brand New Employees. All the Fat Cats Deployees should know what it feels like to be unemployed. Their High Flying Lifestyles Should have crash landing...
Cyril is the new apartheid.
Sies, these morons💩💩💩
Smart move. Then they can later blame them for collapsing SOEs.
Sold
Fucken thieves, I hate you MYANC
CoruscaKhaya So the looting spree is just beginning? Sinyile
It depends on who runs those companies. Cadres will want it. Like Denel that could be saved but government insistwd to retain 51$ shareholding. The whole idea ia to get tbe cadres out.
Privatization vs. Nationalization Ramaphosa ANC vs. Zuma ANC
So that the elite can benefit.. Aai
Cyril is finally delivering for his handlers
CoruscaKhaya Anc has lost appetite to govern
Bullshit
That was ALWAYS the end game, which is why he was given the presidency
They don't want to use the word Privatization
We need to change the electoral system we have it’s getting us fvcked pretty good. Proportional representation just enables these criminals to thrive
It should have been done a long time ago. However not to say the Guptas did not try😂😂😂😂just saying
Lemme guess ..Cuban ,Russian or Chinese Private companies?
This is not the same MYANC that Comrade Chris Hani died for.😭 Where is the Communist Party when CyrilRamaphosa is openly and publicly lobbying all SOE's to capitalism?🙄 This president is here to collapse the state.
We might as well ask them (pvt companies) to run Government..... 😤🤬