South Africa Plans 2027 Committee to Oversee State-Owned Enterprises

South Africa plans to establish a committee in 2027 to oversee state-owned enterprises. According to Sina Finance, citing News24, Planning, Monitoring and Evaluation Minister Maropene Ramokgopa said the presidency plans to submit a proposal to the cabinet shortly after the local municipal elections. President Cyril Ramaphosa would chair the committee, which would oversee turnaround plans for struggling state-owned enterprises. Years of mismanagement, corruption and skilled-worker losses have left several state-owned companies in severe financial difficulty, hampering public services, limiting job growth and increasing pressure on public finances. A bill modeled on Singapore’s Temasek and proposing to consolidate state-owned enterprises under a central holding company was withdrawn in September after failing to win sufficient legislative support. The committee can be established without parliamentary approval.