Public Enterprises Ministry to ‘cease to exist’ on formation of SOE holding company

President Cyril Ramaphosa has confirmed that the position of Public Enterprises Minister and the Department of Public Enterprises (DPE) will “cease to exist” once a new holding company for strategic State-owned enterprises (SOEs) has been created. Appearing in Parliament to reply to questions posed by members of the National Assembly on Thursday, Ramaphosa said that government intended adopting the recommendation of the Presidential SOE Council that a State-owned holding company be established to house strategic SOEs and to exercise coordinated shareholder oversight.