Question NW3340 to the Minister of Public Enterprises
23 November 2023 - NW3340
Graham, Ms SJ to ask the Minister of Public Enterprises
(1) What are the (a) relevant details of the progress that has been made on the (i) establishment of a state-owned holding company to house strategic state-owned entities (SOEs) and (ii) recommendations to retain, consolidate and/or dispose of SOEs and (b) time frames in terms of the establishment and implementation of the recommendations; (2) whether the evidence-based criteria for the restructuring of SOEs have been published; if not, on what date will the criteria be published; if so, (3) whether he will furnish Ms S J Graham with the specified evidence-based criteria; if not, why not; if so, what are the relevant details? NW4460E
Reply:
(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: