The Department of Public Enterprises (DPE) Budget Vote for the 2023/24 financial year, presented in May by Deputy Minister Obed Bapela, highlights the efforts made to improve South African StateOwned Enterprises (SOEs). Despite structural, operational, and strategic challenges facing these entities, Bapela believes that significant progress is being made, thanks to President Ramaphosa’s vision of farreaching reforms.
The Department of Public Enterprises (DPE) has welcomed the Competition Commission’s conditional approval for the strategic equity partner transaction between South African Airways (SAA) and Takatso Aviation Proprietary Limited. This deal will result in Takatso acquiring a 51% shareholding in the airline, which is a significant turning point for the revitalization process of SAA.
