Public enterprises minister Lynne Brown says that foremost among her department’s goals over the next five years are initiatives to lower the cost of doing business to stimulate job-creating growth and to increase the efficiency of the economy.
These include ramping up the electricity generation reserve margin from its current levels to 19 percent by 2019.
The department is also looking to increase the tonnage moved on rail from the current 207 million tonnes to 330 million tonnes by 2019‚ Brown noted.
Another high priority initiative in terms of the Medium Term Strategic Framework was to improve the operational performance of sea ports and inland terminals by increasing the average gross crane movements per hour by 25 percent by 2019.
Lastly‚ the department aimed to use the Eskom and Transnet infrastructure development and replacement investment spend to drive the overall national investment rate to 25 percent “in a way that crowds in private sector investment and creates opportunity for new suppliers and sectors”.
-RDM News Wire.
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