CHARLES MOLELE
PRESIDENT Cyril Ramaphosa has appointed members of the Presidential State-Owned Enterprises Council (PSEC) to fine-tune ailing SOEs and turn them into well-oiled, efficient and profitable service providers.
In a statement issued on Thursday, Presidency said the PSEC will support government reposition state-owned enterprises as effective instruments of economic transformation and development.
During his second State of the Nation Address and the first in the sixth administration of the democratic government, Ramaphosa said through the PSEC, government intended to create alignment between all state-owned companies and better define their respective mandates.
The PSEC will be chaired by Ramaphosa and will be composed of ministers responsible for state owned enterprises and the following eminent South Africans with proven leadership and strategic capabilities:
- Ms Monhla Hlahla: Chairperson of Denel Soc Ltd
- Mr Joel Khathuthshelo Netshitenzhe: Executive Director and Board Vice-Chairperson of the Mapungubwe Institute for Strategic Reflection (MISTRA)
- Mr Vusi Khanyile:
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