Promise
Complete the implementation of a new centralised ownership model for SOEs. This will improve accountability, transparency, governance and oversight, while reducing inefficiency and the potential for corruption.
Promise History
Portfolio Committee Advances National State Enterprises Bill to Implement Centralised SOE Ownership Model
On 12 March 2025, the Portfolio Committee on Planning, Monitoring and Evaluation reviewed public submissions on the National State Enterprises Bill [B1-2024], which proposes the establishment of the State Asset Management SOC Ltd (SAMSOC) as part of a centralised ownership model for South Africa’s state-owned enterprises. During the meeting, the Committee resolved to invite stakeholders for oral hearings, marking a further step in the Bill’s legislative process.
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