Department of Public Enterprises to close down in 2024 – What happens to SOEs?
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GUEST - Wayne Duvenage – CEO of OUTA
South Africa’s government intends to shut down the Department of Public Enterprises, which oversees seven of the biggest state companies, when a new administration takes office after elections in about a year’s time.
President Cyril Ramaphosa announced the closure of the department in his state-of-the-nation address in February, in accordance with a resolution taken by the ruling African National Congress. Power utility Eskom, port and freight-rail operator Transnet and the other companies will then fall under direct control of their line ministries.
South Africa’s government intends to shut down the Department of Public Enterprises, which oversees seven of the biggest state companies, when a new administration takes office after elections in about a year’s time.
President Cyril Ramaphosa announced the closure of the department in his state-of-the-nation address in February, in accordance with a resolution taken by the ruling African National Congress. Power utility Eskom, port and freight-rail operator Transnet and the other companies will then fall under direct control of their line ministries.
