Public Enterprises Minister Pravin Gordhan says government will change the shareholder model of its commercial companies, to put them on a more commercial footing. Gordhan also gave a sneak preview of Eskom's financial results.
Public Enterprises Minister Pravin Gordhan has announced a new shareholder model for state-owned companies.Gordhan said there had been a dramatic improvement in Eskom’s performance.
The holding company will embrace government’s commercial entities that engage in business activities, such as Eskom and Transnet. The Presidential State-owned Enterprise Council has recommended the proposed model. "This [will] separate the state’s ownership functions from its policy and regulatory functions, minimise the scope for political interference, introduce greater professionalism, and manage state assets in a way that protects shareholder value.
The National Treasury has made clear that it was not consulted in the choice of SAA’s strategic partner.
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