BLSA cautions against SOE shareholding plan
Draft legislation on proposed holding company for SOEs has been published for public comment
19 September 2023 - 05:00
Organised business lobby group, Business Leadership SA (BLSA), which has some of SA’s top listed companies as members, has cautioned against the proposed shareholding model of SOEs in the National State Enterprises Draft Bill where the state remains the majority shareholder.
BLSA CEO Busisiwe Mavuso said the government should rather allow for the state to have minority shareholding similar to its shareholding in Telkom where it has a 39% stake. ..
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