Government To Implement Holding Company To Manage SOEs [Video]

• President Cyril Ramaphosa said the government is going to establish a company that will manage the country’s state-owned enterprises
• The SOEs, which previously reported to the Department of Public Enterprises, will report to line departments once the company is established
• South Africans thought it was a terrible idea and severely opposed it, listing the disadvantages of the possible move

With over seven years at Daily Sun and Vutivi Business News, Tebogo Mokwena, a Briefly News current affairs journalist, offered insights into South African politics, national, provincial and local governance, political parties and Parliament.

CAPE TOWN, WESTERN CAPE—President Cyril Ramaphosa’s announcement that the government would establish a holding company to manage state-owned companies was met with fierce resistance from South Africans.

Cyril Ramnaphosa explains holding company for SOEs

According to IOL,Ramaphosa spoke during …