On a sustainable path: stabilizing SOEs in South Africa The presentation given by Minister of Public Enterprises, Mr. Pravin Gordhan and Deputy Minister, Mr. Obed Bapela, on the department’s budget vote for 2023/24 was an important event for numerous reasons. SOEs play a crucial role in the South African economy and their stability is vital for the country’s economic growth and development.
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 Minister of Public Enterprises, Mr. Pravin Gordhan, recently addressed the unfounded claims made by the DA. He believes that these claims are intended to mislead the South African public, gain political advantage, and destabilize the ongoing work to rebuild stateowned enterprises (SOEs). Minister Gordhan emphasizes that neither he nor the department will be deterred from their efforts to stabilize SOEs, enhance their governance, provide them with skilled leadership, and enable them to spearhead the government’s developmental and transformation agenda.
