This is what the ANC plans to do with Eskom and SAA
NEC proposes merging some SOEs and closing loss-making ones, and finding equity partners is also on the table
The ANC national executive committee (NEC) lekgotla has endorsed a proposal to reduce the number of state-owned entities (SOEs) by merging those with duplicated functions and closing down those that are not financial viable.
The proposal is contained in a report on all state companies tabled by the head of NEC sub-committee on economic transformation, Enoch Godongwana, at the weekend.
Addressing the media on the outcomes of the lekgotla, party secretary-general Ace Magashule said: “We should look to embark on a consolidation and rationalisation process of our SOEs.”..