Shape the Future of South Africa's State-Owned Enterprises!

The South African government has introduced the National State Enterprises Bill (2024), a significant legislative proposal aimed at transforming how state-owned enterprises (SOEs) are managed. This Bill proposes the creation of a new State Asset Management SOC Ltd (SAMSOC), a holding company that will centralise the management and oversight of SOEs like Eskom, Transnet, SAA, and others.
The Bill aims on paper to streamline governance, improve operational efficiency, and reduce political interference in SOEs. While these goals sound positive, the Bill will grant extensive powers to the President and SAMSOC, potentially shifting control of key national assets away from Parliament's oversight.

The decisions made now will affect how South Africa's essential public services are managed for generations. Your voice matters, as every individual submission made through DearSA is legally recognised and must be considered by Parliament.

Have your say on this crucial Bill and ensure that South Africa's state assets remain accountable, transparent, and serve the people.

Key Issues at Stake:

1.    Power and Accountability: The Bill grants extensive control to the President over SOEs, with SAMSOC acting as the central shareholder. Should there be stronger checks and balances to limit executive overreach?

2.    Transparency and Oversight: Unlike existing SOEs, which must follow the Public Finance Management Act (PFMA), SAMSOC and its subsidiaries are exempt from key parts of the PFMA. Should the Bill ensure greater financial transparency and reporting?

3.    Public Consultation and Participation: While the Bill calls for a "National Strategy" for SOEs, the process is largely controlled by the President. Should the public have a stronger role in shaping the National Strategy?

4.    Impact on SOE Jobs and Operations: The consolidation of SOEs under SAMSOC may result in changes to their operations, job structures, and priorities. How will this affect workers, unions, and communities reliant on these entities?

By submitting your views, you ensure that your voice is part of the public record. Every comment submitted is legally recognized and must be considered before Parliament makes its final decision. Don’t miss the opportunity to influence how South Africa's state-owned enterprises are managed. Your voice counts!