Cyril Ramaphosa to Chair New State-Owned Firms Commission
President Cyril Ramaphosa will lead a new commission to coordinate state-owned firms after South Africa shelved plans for a single holding company.
The Government of South Africa is establishing a new commission to coordinate the operations of its state-owned firms. Cyril Ramaphosa, the President of South Africa, will chair the panel following a government decision to shelve previous plans that would have placed these entities under a single holding company.
Minister in the Presidency Gwen Ramokgopa stated that the commission will review a national strategy to define the role of state firms and ensure professional government ownership. The panel aims to standardize governance practices and improve monitoring across the various entities.
Additionally, the commission will coordinate the restructuring of state firms to eliminate duplication and increase overall efficiency. This shift in strategy marks a move toward a coordinated oversight model rather than a centralized corporate structure.
