Parliament, Wednesday, 11 September 2024 – The Portfolio Committee on Trade, Industry and Competition welcomes the first step taken by the Minister of Trade, Industry and Competition, Mr Parks Tau, to stabilise governance within the Department of Trade, Industry and Competition (DTIC) and its entities. This includes filling critical vacancies.
The committee has engaged with several of the DTIC’s entities and has found a number of corporate governance abnormalities, in particular prolonged vacancies within boards and at top senior management level.
The committee noted that the Minister intends to place advertisements for the process of filling these vacancies this week. The entities mentioned were the Competition Commission, the Export Credit Insurance Corporation, the Industrial Development Corporation, the National Empowerment Fund, the National Gambling Board, the National Lotteries Commission, the National Regulator for Compulsory Specifications, the South African National Accreditation System, the South African Bureau of Standards, the South African Council for Space Affairs, and the Special Economic Zones Advisory Board.
Committee Chairperson Mr Mzwandile Masina said: “While the committee welcomes this process, it was concerned of instances where appointment processes had been started and recommendations made to the previous Minister but not concluded timeously. It therefore cautions the ministry to ensure that due processes are followed to avoid litigation.”
Mr Masina said the committee called on the boards of all entities to exercise their fiduciary duties and expedite the filling of vacancies at top management level, working together with the ministry.
ISSUED BY THE PARLIAMENTARY COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE PORTFOLIO COMMITTEE ON TRADE, INDUSTRY AND COMPETITION, MR MZWANDILE MASINA.
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