Government takes SOE consolidation a step further
Benefits of a new ownership model are said to be better shareholder value, more transparency of SOE operations and fewer conflicts of interest
15 September 2023 - 08:57
The long-awaited restructuring of state owned enterprises (SOEs) under a single shareholding company took a step further this week with the approval by cabinet of the draft National State Enterprises Bill for public comment.
The draft bill proposes the consolidation of the state’s shareholdings in strategic SOEs — such as Transnet, Eskom and Denel — and the establishment of a state asset management company to hold these shareholdings. The state would be the sole shareholder of the asset management company but the way is open for strategic equity partners to be brought in to the underlying SOEs...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.