EXCLUSIVE: SOEs Set For Radical Overhaul

Thebe Mabanga

Government is considering a radical overhaul of state owned enterprises (SOE) that will see the formation of a new electricity generation company alongside Eskom, a new National Oil and Gas Company, the disposal of the South African Post Office and the SABC’s commercial stations and the possible listing of the Airports Company of South Africa.

The proposals are contained in a highly confidential document- ‘Repurposing the State Owned Enterprises as Instruments for Economic Growth’ – presented by Public Enterprises Minister Pravin Gordhan at the recent Cabinet Lekgotla held at the end of January.

The proposed radical changes also include setting up of new state owned entities in areas of renewable energy and the green economy as well as in sectors that advance the Fourth Industrial Revolution.

The secret dossier, seen by Inside Politic, also highlight the need for cabinet to urgently adopt measures aimed at eliminating corruption through