By Lungile Ntimba
Free State Premier MaQueen Letsoha-Mathae has voiced serious concerns regarding the performance of the Free State Development Corporation (FDC) and the Maluti-a-Phofung Special Economic Zone (MAP SEZ).
These concerns were outlined during an executive council meeting convened by the premier on Wednesday in Bloemfontein, where both entities presented reports on their organizational status.
Letsoha-Mathae has consistently raised doubts about the effectiveness of these entities, especially considering their mandate to support local small businesses and drive economic growth in the province.
She questioned the accountability of the managers overseeing these entities, particularly criticising MAP SEZ for not attracting sufficient investment to justify the salaries of its leadership.
The premier also expressed alarm over the controversial land sale in Setsing, QwaQwa, demanding a thorough investigation into the transaction.
She was informed that those suspected of involvement have been charged, with legal proceedings underway.
Emphasising accountability in the 7th administration, Letsoha-Mathae underscored that officials earning salaries must deliver tangible results.
She highlighted several challenges faced by the FDC, including financial instability, lack of a coherent policy direction, insufficient provincial and municipal incentives for investment, aging infrastructure, and operational inefficiencies exacerbated by crime in industrial parks.
Despite these hurdles, the FDC reported providing business development support to 1,604 SMMEs and financial assistance to 46 enterprises in the previous fiscal year.
The organization indicated that addressing current challenges would enhance its performance.
In response, the executive council resolved that the FDC Board develop and implement a repositioning strategy to achieve financial self-sufficiency.
It emphasised the urgency of filling vacant CEO and CFO positions and proposed exploring solar energy solutions to mitigate electricity challenges.
Furthermore, the council emphasized the need for accountability from the security company responsible for safeguarding MAP SEZ assets, as criminal activities continue to threaten crucial infrastructure.
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