MPs assured that SOE holding company board will be led by competent people

CAPE TOWN - The Presidency has assured MPs that the board of the country’s SOE holding company will be led by competent people, appointed on merit.

MPs in the portfolio committee on planning, monitoring and evaluation on Wednesday took part in a workshop on SOEs and the National State Enterprises Bill. "Meritocracy, will they be qualified, will they be experienced, will they be competent and will we be avoiding our history of appointing cadres who are loyal to party policies?"

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MPs question objective of creating 'super state-owned company' to oversee SOEsThe department said the company will be 100% state-owned and the bill separates state ownership function from policy-making and regulatory functions.
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Ramaphosa announces takeover of SOEs by holding company for effective monitoringPresident 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.
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