President Cyril Ramaphosa has made good resolutions to put South Africa’s state companies into their overhead portfolios.
Ramaphosa signed proclamations which, in terms of Section 97 of the Constitution of the Republic of South Africa of 1996, transfer the administration, powers and functions entrusted by the specified legislation as follows:In addition, certain sections of the Overvaal Resorts Limited Act of 1993 and the Overvaal Resorts Limited Act Repeal Act of 2019 are vested with the Minister of Water and Sanitation.
This appointment empowers the Minister to exercise with respect to DPE all relevant powers and functions under the Public Service Act of 1994 and the Public Finance Management Act of 1999. Both the Presidential Review Committee on SOEs and the National Planning Commission have endorsed the creation of a comprehensive long-term strategy for SOEs, consolidating their mandates, supervision, and operations under a unified law.