Ramaphosa announces takeover of SOEs by holding company for effective monitoring

  • 📰 ewnreporter
  • ⏱ Reading Time:
  • 10 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 51%

Ewn News

Ewn News,News,Eyewitness News

President Cyril Ramaphosa has done away with the Department of Public Enterprises in the seventh administration in preparation for the management of SOEs to be placed under a holding company.

CAPE TOWN - President Cyril Ramaphosa says a new plan for a state-owned enterprises holding company will ensure parastatals are more effectively monitored.

In January, the then-public enterprises minister tabled the National State Enterprises Bill in Parliament.Ramaphosa said placing SOEs within a holding company would be key to their reform.

 

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

 /  🏆 35. in CA

Canada Canada Latest News, Canada Canada Headlines