Minister Pravin Gordhan's Firm Stand on Revitalizing State-Owned Companies - Cape Town Today
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Minister Pravin Gordhan’s Firm Stand on Revitalizing State-Owned Companies

1 min read
s o

Minister Pravin Gordhan, the Minister of Public Enterprises, has taken a strong stance against the deliberate misinformation surrounding the restructuring of Eskom, a state-owned company (SOC). Gordhan has reiterated his commitment to revitalizing SOCs and rooting out corruption in these institutions.

False Claims Surrounding Eskom’s Restructuring

Gordhan has denounced the individuals with vested interests who have been spreading false claims surrounding Eskom’s restructuring. He has encouraged the public to read the official statement issued by the Department of Public Enterprises (DPE) last week, which debunks the misinformation and emphasizes that Eskom’s three new subsidiaries will remain wholly owned by the state.

Vested Interests Hindering Progress

Gordhan has identified recent attacks against him and the DPE by Collen Malatji and other counter-revolutionaries as evidence of vested interests determined to undermine the ongoing reforms of SOCs. He has emphasized that these individuals seek to harm the interests of millions of South Africans for their own gain.

Unwavering Commitment to Revitalizing SOCs

Despite the attacks, Gordhan and the DPE remain committed to revitalizing SOCs, rooting out corruption, and ensuring they fulfill their mandates to transform and develop the South African economy. The minister believes that restoring SOCs to functionality is about serving current and future generations and fostering growth and development, while remaining accountable to the public they serve.

Meeting with ANC Youth League

Minister Gordhan is set to meet with the ANC Youth League to discuss these issues and reiterate his unwavering commitment to restructuring state-owned companies. He is determined to make sure that these institutions remain a force for positive change within the South African economy.

Gordhan’s Vision for a Thriving South African Economy

Gordhan’s dedication to restructuring state-owned companies and ensuring their viability is a testament to his unwavering vision of a thriving South African economy, free from the shackles of corruption and special interests.

Need for Informed and Engaged Citizens

As the government and DPE continue their efforts to reform state-owned companies, it is essential for citizens to remain informed and engaged. By staying informed and committed to transparency, the people of South Africa can support the ongoing transformation of these vital institutions and contribute to a brighter future for the nation.

A Russian-Spanish journalist and Cape Town native, channels his lifelong passion for South Africa into captivating stories for his local blog. With a diverse background and 50 years of rich experiences, Serjio's unique voice resonates with readers seeking to explore Cape Town's vibrant culture. His love for the city shines through in every piece, making Serjio the go-to source for the latest in South African adventures.

Leave a Reply

Your email address will not be published.

Previous Story

Table Mountain National Park Marine Protected Area: A Dive into the Heart of the Great African Sea Forest

Next Story

A Tale of Survival and Teamwork: The Rescue of a Stranded Trail Runner in Jonkershoek Nature Reserve

Latest from Blog

The Rise of Vaping Among South African Teenagers

Vaping is quickly becoming a popular habit among South African teenagers, drawn by sweet fruity flavors, flashy packaging, and the buzz on social media. Many teens vape to fit in with friends, feel cool and rebellious, or to escape stress and anxiety. However, what seems like harmless fun can quickly turn into addiction, affecting their health and wellbeing. Despite the risks, vaping is often misunderstood, making it harder for families and schools to stop this growing trend. It’s a serious challenge that needs everyone—parents, teachers, and leaders—to work together to protect young people’s futures.

South African Agriculture and the Changing Winds of Trade

Since 2000, the African Growth and Opportunity Act (AGOA) has helped South African farmers sell fruits like avocados, wine, and citrus to the United States without paying extra taxes. This chance boosted farming communities, especially small farmers and women, by opening up new markets and encouraging growth. But recent U.S. tariffs threaten these gains, making it harder for farmers to compete and putting many livelihoods at risk. Still, South African farmers remain strong and hopeful, working hard to face these new challenges and keep their communities alive.

Trapped Abroad: Ashley Oosthuizen’s Journey Through Thailand’s Legal Labyrinth

Ashley Oosthuizen, a young South African woman, went to Thailand chasing her dreams but ended up trapped in a nightmare. After unknowingly signing for a package with illegal drugs, she was arrested and sentenced to over 13 years in prison, despite being innocent. Her mother moved to Thailand to fight for her, sharing Ashley’s story with the world and gaining support. Even when the real criminal confessed, the Thai courts kept Ashley behind bars. Her story is a powerful reminder of how quickly life can change and the risks travelers face in foreign countries.

Shadows Along the Hennops: Three SAPS Officers Vanish and a River Gives Up Its Secrets

In April 2025, three South African police officers disappeared during a trip and were later found dead near the Hennops River, along with two others. Their white car vanished into the river’s dark, swirling waters, hiding clues and sparking a deep mystery. Families and the public mourned, demanding answers amid fears of foul play. The quiet river, once peaceful, now holds heavy secrets and reminds the nation of the dangers police face and the urgent need for justice.

Cape Town’s Boatbuilding: Crafting a Legacy on the Waterfront

Cape Town’s boatbuilding industry is a shining example of skill and tradition mixed with new technology. It creates beautiful, strong boats that are loved worldwide and supports thousands of jobs in the city. But now, new tariffs on exports, especially to the US, threaten this important work and the people who depend on it. Despite these challenges, boatbuilders, city leaders, and innovators are coming together to protect this proud craft. Their passion and teamwork fuel hope that Cape Town’s boatbuilding legacy will sail on strong into the future.