EDITORIAL: Uncertainty over SOEs is risky
Cutting public enterprises department and replacing it with new structure raises concerns
05 July 2024 - 05:00
Few will be sorry to see the back of the minister and department of public enterprises, and President Cyril Ramaphosa is to be commended for taking the bold step of abolishing it. At least it is one portfolio he cut from his bloated cabinet.
Yet the abruptness of the move, apparently with little or no preparation, inevitably raises concerns. So too does the structure that is meant to replace it, the new state-owned shareholding company provided for in a National State Enterprises Bill that has yet to be enacted...
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