National State Enterprises Draft Bill 2023

The Department of Public Enterprises has published the draft National State Enterprises Bill 2023, and is asking you to comment.

The Bill seeks to:
• establish the State Asset Management SOC Ltd;
• provide for the State as the sole shareholder of a holding company;
• consolidate the State’s shareholdings in state enterprises;
• provide for the powers of the shareholder on behalf of the State;
• provide for the phased succession of state enterprises to the holding company;
• provide for the holding company’s powers as shareholder of subsidiaries;
• provide for the restructuring and management of subsidiaries for developmental purposes;
• provide for appropriate and effective performance monitoring mechanisms over subsidiaries;
• provide for the corporatisation of those state enterprises that are not registered as companies; and to provide for matters connected therewith

Comments can be emailed to Adv Melanchton Makobe at [email protected] by no later than Saturday, 14 October 2023.

Enquiries can be directed to Adv Melanchton Makobe on tel (012) 431 1094