Progress made with SOE reform policy
Call also made for SOEs to align buying to the recently introduced Procurement Act.
The minister of public enterprises, Leon Jooste, recently announced that his ministry had finalised the much-anticipated remuneration policy guidelines, while finance minister Calle Schlettwein called on state-owned enterprises to cut unnecessary spending.
The two ministers recently addressed the heads of SOEs, who were given an opportunity to give their input on the national budget that is expected to be tabled in the first two weeks of March.
“First of all, the new remuneration guidelines have been finalised. Consultations with both chief executive officers and chairpersons have been completed and we are currently looking into the recommendations,” Jooste said. He did not put timelines on their implementation though.
Jooste also called on state-owned enterprises to align their procurement policies to that of the government by following the recently introduced Procurement Act.
Schlettwein also appealed to SOE bosses to cut unnecessary spending and aim for greater efficiency in their organisations.
“There are a number of inefficiencies that can be addressed. We can do more to cut on expenditure on non-core items, we must appeal that we are a bit careful. Take note for the next two financial years, we are in a complicated financial situation,” Schlettwein said.
He called on SOEs tAo make use of the recently introduced tax reprieve to settle any outstanding taxes they may owe. “There is a huge amount of tax arrears. I hope the SOEs that have huge arrears make use of the opportunity to clear the books. This will give the fiscus the necessary revenue.”
OGONE TLHAGE
The two ministers recently addressed the heads of SOEs, who were given an opportunity to give their input on the national budget that is expected to be tabled in the first two weeks of March.
“First of all, the new remuneration guidelines have been finalised. Consultations with both chief executive officers and chairpersons have been completed and we are currently looking into the recommendations,” Jooste said. He did not put timelines on their implementation though.
Jooste also called on state-owned enterprises to align their procurement policies to that of the government by following the recently introduced Procurement Act.
Schlettwein also appealed to SOE bosses to cut unnecessary spending and aim for greater efficiency in their organisations.
“There are a number of inefficiencies that can be addressed. We can do more to cut on expenditure on non-core items, we must appeal that we are a bit careful. Take note for the next two financial years, we are in a complicated financial situation,” Schlettwein said.
He called on SOEs tAo make use of the recently introduced tax reprieve to settle any outstanding taxes they may owe. “There is a huge amount of tax arrears. I hope the SOEs that have huge arrears make use of the opportunity to clear the books. This will give the fiscus the necessary revenue.”
OGONE TLHAGE
Comments
Namibian Sun
No comments have been left on this article