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China signs deal to help South Africa’s state-owned companies

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The Department of Public Enterprises has signed a collaboration agreement with China for support in state-run companies

The Department of Public Enterprises has entered into a Collaboration Framework Agreement with the China Development Bank , which the department says will enhance the sustainability of State Owned Companies .

“We are laying the foundation for a more sustainable path to ensure that our developmental goals as a country stay on track. This agreement is also a sign of our commitment as government to create an enabling environment for our SOCs. They are a critical lever to drive service delivery and economic opportunity to improve the lives of millions of South Africans,” DPE Minister Pravin Gordhan said.

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