Parliament - The Department of Public Enterprises believes the Shareholder Management Bill should be fast-tracked to allow tighter oversight over state-owned enterprises, Deputy Public Enterprises Minister Phumulo Masualle said on Wednesday.
Masualle said the bill remained in the pipeline and there was a hope that it would one of a number of measures brought before Cabinet to turn around the fortunes of the country's troubled state-owned enterprises.
"There is a thinking that we should take it back as the department to see if we cannot achieve that in a much shorter time," he told Parliament's portfolio committee on public enterprises.
The remark followed a presentation to the committee on the department's annual plans and budget.
The bill aims to establish a legal framework in which all parastatals operate and to ensure that their boards and executives are held accountable.