South Africa is getting a new state-owned company – what you should know

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

Government plans to establish a centralised shareholding company to help it control its existing state-owned enterprises, says president Cyril Ramaphosa.

Responding to questions in parliament on Thursday , Ramaphosa said he views state-owned enterprises are critical drivers of inclusive economic growth and social development in the country.

“We are therefore working to reposition strategic SOEs to fulfil their vital economic and social mandates.” Secondly, an active shareholder approach to continuously set, monitor and evaluate SOE performance in relation to commercial and development objectives.Fourthly, the development of an appropriate capital structure for the holding company to ensure profitability and sustainability of each SOE.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Quango quango quango quango

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines