South Africa intends establishing a commission chaired by President Cyril Ramaphosa to coordinate the work of its state-owned firms after shelving plans to place them under the auspices of a holding company.
The new panel will review a national strategy that outlines what role the firms should play and ensure the government exercises ownership in a coherent and professional manner, Gwen Ramokgopa, a minister in the Presidency, said in a response to questions.
It will also standardise and strengthen governance practices, improve monitoring, and facilitate and coordinate the rationalisation and restructuring of the entities to eliminate duplication and improve efficiency, she added.
South Africa has scores of state entities, including power utility Eskom, logistics company Transnet, and South African National Roads Agency.
A number of them have been dogged by mismanagement and financial problems, leaving them reliant on government funding to survive, which has spurred calls for improved oversight.
Some
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