(1)(i) The Department obtained Cabinet approval to publish the National State Enterprises Bill in the Government Gazette for public comments. The Bill was published for public comment on 15 September 2023 until 14 October 2023. The Bill incorporates Presidential SOE Council (PSEC)'s recommendation that South Africa adopts a centralized shareholder model to improve the management and oversight of South African State-Owned Enterprises (SOEs). This includes establishing a Holding Company (HoldCo) for strategic SOEs.
HoldCo will be established through the National State Enterprises Bill.
(ii) PSEC has reviewed and assessed 37 entities. Furthermore, the business and turnaround plans for 21 entities and 8 Water Boards were reviewed. PSEC has not yet finalised its work.
(b) PSEC is finalizing its report on recommendations of which SOEs to retain, consolidate and/or dispose.
2. PSEC has developed an evidence-based criteria for which SOEs to retain, consolidate and/or dispose.
3. The criteria will be made available when PSEC has finalised its work on which SOEs to retain, consolidate and/or dispose.
4. PSEC will present its report to the President as soon as it is completed. The President will determine when and how the report will be made public.
Remarks: Reply: Approved / Not Approved
Jacky Molisane P J Gordhan, MP
Acting Director-General Minister
Date: Date: