Mashatile said one objective is to create a state asset management and a state-owned holding company
The National State Enterprises Bill 2024, which lapsed in the sixth Parliament, has been revived by the seventh Parliament. The Bill, among other things, aims to develop a centralised entity for the ownership of State-Owned Enterprises . to monitor work, including the performance of SOEs.
“In this regard, the National State Enterprises Bill which lapsed in the sixth Parliament, has now been revived in the seventh Parliament. Among other matters, the National State Enterprises Bill 2024 is aimed at developing a strategy for National State Enterprises to establish a state asset management, state-owned company to prove for appropriate and effective monitoring and reporting mechanisms over state enterprises and subsidiaries,” says Mashatile.
Mashatile says the government sees the township economy as essential in growing the country’s overall economy. He says the government has made various interventions to strengthen and revitalize the township economy.He says government does not only view the township economy as spaza shops. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
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