By Simon Nare
Deputy President Paul Mashatile has assured the National Council of Provinces that the state-owned enterprises holding company will improve the governance of these institutions and curb rampant corruption.
During an oral question and answer session, Mashatile said The Minister in the Presidency responsible for Planning, Monitoring and Evaluation, Maropene Ramokgopa, was working on the final details.
This included identifying which were strategic SOEs that must fall under the new company.
The deputy president said there were around 700 SOEs and some of them were old, inherited from the apartheid regime and their operation modules had never changed.
He said the way SOEs operated and appointed their boards needed to be modernised.
As announced by the president, SOEs that previously reported to the minister of public enterprises would now be reporting to relevant departments, Mashatile told delegates.
He added that the National Enterprises Bill 2024, which still has
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