SA publishes draft bill to establish a holding company for state entities
SA has released a draft law that will facilitate the creation of a holding company to house struggling power utility Eskom, rail and port operator Transnet and other state-owned enterprises. The Department of Public Enterprises oversees the state companies and will be phased out as the holding company is implemented. Should the bill pass, the new company will likely be established after the next government takes office after next year’s election.