Ramaphosa assigns responsibilities for several SOEs to their respective Ministries
President Cyril Ramaphosa has assigned shareholder responsibility for each of the State-owned enterprises (SOEs) that previously fell under the Department of Public Enterprises (DPE) to the respective line-function Ministries.
Ramaphosa has signed proclamations which transfer the administration, powers and functions entrusted by the specified legislation as outlined below.
Alexkor has been assigned to the Minister of Mineral and Petroleum Resources; Denel to the Minister of Defence and Military Veterans; Eskom to the Minister of Electricity and Energy; the South African Forestry Company to the Minister of Forestry, Fisheries and the Environment; and South African Airways, South African Express and Transnet to the Minister of Transport.
In addition, certain sections of the Overvaal Resorts Limited Act of 1993 and Overvaal Resorts Limited Act Repeal Act of 2019 are vested with the Minister of Water and Sanitation.
Ramaphosa has signed a proclamation appointing the Minister in the Presidency responsible for Planning, Monitoring and Evaluation as the executive authority of the DPE, which will continue to exist and operate until the human and financial resources are transferred appropriately.
This appointment empowers the Minister to exercise power with respect to DPE all relevant powers and functions under the Public Service Act of 1994 and the Public Finance Management Act of 1999.
The Minister in the Presidency responsible for Planning, Monitoring and Evaluation has also been assigned the responsibility to finalise the National State Enterprise Bill, which will set out the exercise of shareholder responsibility for respective SOEs, which will be transferred in a phased manner into the envisaged national enterprise holding company.
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