The Minister of Trade, Industry and Competition (DTIC), Parks Tau, has set a clear priority on stabilising governance and leadership within the department and its entities.
According to DTIC spokesperson Yamkela Fanisi, at the start of the 7th administration, Tau focused on tackling issues related to vacancies and governance to ensure the department can effectively carry out its mandate.
Tau emphasised that achieving stable governance is crucial for the DTIC to fulfil its objectives of transformation, industrialisation driven by localisation, and an export-led strategy.
“For the DTIC to fully and effectively discharge its mandate, it is essential to stabilise governance within our department and its listed entities,” he said.
In his budget speech on July 17, Minister Tau underscored the importance of administrative stability and good governance Fanisi said.
“We have prioritised filling key leadership positions in the department and our agencies to strengthen the department’s capacity to execute its mandate,” he said.
Fanisi says the minister has also announced plans to review the organisational structure of the DTIC to ensure it aligns with and supports the department’s mandate and priority programmes.
This review will promote a value chain approach, integrating the work of the Department and its entities to eliminate silos, duplication, and inefficiencies he said.
Furthermore, Fanisi says the process of filling the vacancies has commenced and on Friday, September 13, vacancies will be advertised for positions at the Competition Commission, Export Credit Insurance Corporation (ECIC), Industrial Development Corporation (IDC), National Empowerment Fund (NEF), National Regulator for Compulsory Specifications (NRCS), South African Accreditation System (SANAS), South African Bureau of Standards (SABS), South African Council for Space Affairs, and the Special Economic Zones (SEZ) Advisory Board.
He says the Takeover Regulation Panel (TRP) process is at an advanced stage and is being finalised by the minister.
“We believe this is the right step towards achieving good corporate governance and stability,” Fanisi said.
‘’We invite qualified individuals who meet the requirements to apply and assist us in stabilising these entities so they can optimally execute their mandates. The finalisation of these appointments will be completed efficiently.”
IOL Politics