President Cyril Ramaphosa has assigned shareholder responsibility of certain State-Owned Enterprises (SOEs) that previously fell under the Department of Public Enterprises (DPE), to certain Ministers.
This after he signed proclamations transferring the administration, powers and functions entrusted by the specific legislation.
“Alexkor, Minister of Mineral and Petroleum Resources, Denel, Minister of Defence and Military Veterans, Eskom, Minister of Electricity and Energy, South African Forestry Company SOC Limited, Minister of Forestry, Fisheries and the Environment, South African Airways, South African Express and Transnet, Minister of Transport,” said Ramaphosa spokesperson, Vincent Magwenya.
The new changes will also see certain sections of the Overvaal Resorts Limited Act of 1993 and Overvaal Resorts Limited Act Repeal Act of 2019 vested with the Minister of Water and Sanitation.
Ramaphosa also signed a proclamation appointing Minister in the Presidency responsible for Planning, Monitoring and Evaluation, Maropene Ramokgopa, as the executive authority of the DPE.
“The department will continue to exist and operate until the human and financial resources are transferred appropriately.
“This appointment empowers the Minister to exercise with respect to DPE all relevant powers and functions under the Public Service Act of 1994 and the Public Finance Management Act of 1999.
“The Minister in the Presidency responsible for Planning, Monitoring and Evaluation has also been assigned the responsibility to finalise the National State Enterprise Bill, which will set out the exercise of shareholder responsibility for respective SOEs, which will be transferred in a phased manner into the envisaged national enterprise holding company,” added Magwenya.
