National Assembly Cape Town: 17 September 2007  

Madame Speaker, 

The 21st century is the speed competition era and if we, South Africa, are not able to speed up our activities to compete with other countries then we will be out of the race. Schedule 2 of the Public Finance Management Act will give Infraco access to the financial support swiftly and flexibly, this is very important for today's business entities. 

Broadband costs in South Africa are extremely high. The IFP expects that Infraco with the government's backing will be the platform to support all industries across the board in our country to compete internationally through lower broadband costs. 

The IFP further hopes that Infraco will be successful and be an example of how State Owned Enterprises (SOEs) with the proper support from government can contribute to other industries to compete on the world stage. 

We support this bill