The plan to fix state-owned enterprises — start another state company

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The South African government wants to house its major state-owned enterprises under a single holding company, reports the Sunday Times.

The South African government wants to house its major state-owned enterprises under a single holding company,Public enterprises minister Pravin Gordhan told parliament more about the plan on Friday.

“This would separate the state’s ownership functions from its policy-making and regulatory functions, minimise the scope for political interference, introduce greater professionalism, and manage the state’s assets in a way that protects shareholder value.” This would happen before Ramaphosa’s presidential term ends, and it would be up to the next president whether the Department of Public Enterprises would be retained.The plan follows the state capture commission highlighting how SOEs were severely damaged and compromised in recent years and public outcry about these SOEs repeatedly receiving bailouts.

It visited China, Singapore, Malaysia, and France to learn more about how they run their SOEs, and reportedly determined that Singapore’s model is the most viable option for South Africa.

 

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

Ridiculous.....

Yip. Lets put All the wrotten eggs in one basket

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:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines