Presidency heads SOE overhaul; Gauteng and Eastern Cape fail to pay suppliers billions on time; Numsa to strike at Ford; and minority government announced in Gauteng.
President Cyril Ramaphosa’s office is now overseeing the restructuring of state-owned enterprises , assigning the task to the minister of monitoring & evaluation, Maropene Ramokgopa. This move follows the disbandment of the public enterprises department, aiming to merge strategic SOEs into a single state asset management entity. The coordination of these SOEs will be managed directly by the presidency as part of a new shareholding strategy, as announced in the recent cabinet reshuffle.
[The National Union of Metalworkers of South Africa at Ford South Africa plans a strike on Thursday, 4 July, after failing to agree on bonus payments with Ford Management despite a conciliation effort on 11 June 2024 at the CCMA offices in Pretoria. Despite giving Ford a chance to reconsider, the company has yet to respond to Numsa’s concerns.[After weeks of negotiations, Gauteng Premier Panyaza Lesufi announced his provincial executive in a late address on 3 July.
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