Draft Bill on new Water Infrastructure Agency will create yet another SOE monster
7 November 2023
The DA has noted with great concern the government’s determination to create yet another loss-making SOE, especially given the dismal record of SOEs under ANC control.
The purpose of the National Water Resource Infrastructure Agency (NWRIA) draft bill, Gazetted on 16 September 2023, is the establishment of yet another fully state-owned company, or SOE, this time to administer, operate, and fund all infrastructure related to national water resources.
It makes provision for the comprehensive transfer of assets from the Department of Water & Sanitation (DWS) to the new Agency, including taking control of the Trans-Caledon Tunnel Authority and all its assets.
Unsurprisingly, all Board members, including the Chair and CEO will be appointed by the Minister, no doubt following the same sordid script the public has become accustomed to in relation to the failed SOEs under ANC control.