Intervention
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Responsible authority
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Timelines
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Fiscal Policy
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- Finalise a sustainable wage agreement
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Minister of DPSA
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February 2018
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- Finalise infrastructure budget facility
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Minister of Finance
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October 2017
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Financial sector and tax policy
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- Convene Financial Sector Summit to quantify transformation targets, including for low-income housing and transformational agriculture
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Minister of Finance
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December 2017
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- Bring down banking costs by implementing Twin Peaks
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Minister of Finance
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February 2018
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- Work with DTI on targeted debt relief for most vulnerable (e.g. in cases of reckless lending)
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Minister of Finance
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February 2018
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- Introduce micro-insurance framework and review Cooperatives Bank framework
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Minister of Finance
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February 2018
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Leverage public procurement
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- Implement Preferential Procurement Regulations, which took effect on 1 April 2017.
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Minister of Finance
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July 2017
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- Finalise Public Procurement Bill
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Minister of Finance
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March 2018
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- Finalise complementary government fund aimed at financing SMMEs in start-up phase
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Minister of Small Business
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February 2018
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Recapitalisation of SOEs and government guarantees
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- Continue engagements on framework for the disposal of non-core assets
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Minister of Finance
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March 2018
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- Conduct detailed audit of non-strategic assets of SOEs aimed at strengthening SOE balance sheets
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Minister of Finance
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March 2018
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- Finalise recapitalisation of South African Airways and South African Post Office
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Minister of Finance
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August 2017
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- Reduce the issuance of government guarantees, especially for operational reasons
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Cabinet
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October 2017
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- Determine the consequences of SOE non-adherence to the guarantee conditions
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Cabinet
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October 2017
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Broader State Owned Entity (SOE) reforms
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- Implement private sector participation framework
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Minister of Finance
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March 2018
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- Implement the remuneration framework
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Minister of DPE
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March 2018
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- Finalise the board appointment framework
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Minister of DPSA
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March 2018
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- Table draft Shareholder Bill
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Minister of DPE
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March 2018
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- Implement a framework for the determination and costing of developmental mandates
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Minister of Finance
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March 2018
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- Approve ToR for implementation of the Remuneration Standards oversight committee
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Cabinet
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September 2017
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Private Sector Participation (PSP) Framework
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- Engage other departments on PSP framework
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Minister of Finance
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July 2017
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- Provide broader guidance on sectors or asset classes for PSP and decide whether sector specific PSP frameworks are needed
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All Shareholder Ministries
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October 2017
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- Present potential projects for PSP to line departments, Technical Task Team and Inter-Ministerial Committee
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All SOEs
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November 2017
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- Approve PSP projects as outlined in the governance framework proposed in the PSP framework
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All Shareholder Ministries
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March 2018
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- Include PSP projects in Shareholder Compacts and Corporate Plan for subsequent implantation
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All Shareholder Ministries
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March 2018
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Costing Developmental Mandates
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- Consult other SOEs on costing of developmental mandate
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Minister of Finance
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August 2017
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- Implement mechanisms to effect outcomes through Corporate Plans (e.g. Instruction notes)
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Minister of Finance
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August 2017
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