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

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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.

 

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