Gordhan: Public Enterprises may soon have more power over SOEs

fin24.com

- fin24.com | 2 months ago

Public Enterprises Minister Pravin Gordhan told Parliament on Wednesday that a green paper for a bill which would allow the department to exercise stronger oversight over parastatals would be ready within the 2019/20 financial year, and is expected to be enacted by the 2021/22 financial year.

He was addressing the select committee on public enterprises and communications on the Department of Public Enterprises’ annual performance plans and budget. Gordhan said the ultimate goal was to have self-sustaining entities whose executives the department could hold accountable.

Subscribe to Fin24’s newsletter here Gordhan said the presidential review committee into state owned-enterprises determined that the Shareholder Management Bill be developed to empower the department to execute its shareholder management responsibility and oversee the state of government's entities.

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