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This is what the ANC plans to do with Eskom and SAA


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

Political reporter

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.”..

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