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.
Assuming the role of Eskom CEO in January 2020, André de Ruyter soon discovered why it was considered the most challenging job in South Africa. In his newly published book, “Truth to Power: My Three Years Inside Eskom” by Random House Publishers, the former CEO takes readers on a journey through boardrooms and government meetings, unveiling the inner dynamics of the stateowned enterprise.
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.
On May 12, 2023, Deputy Minister of Public Enterprises, Obed Bapela, conducted an inspection of two StateOwned Enterprises (SOEs): Denel Land Systems (DLS) and Pretoria Metal Pressings (PMP). The purpose of the visit was to provide the Deputy Minister with an indepth view of the facilities and gain insight into the opportunities that the South African arms and technology manufacturer, Denel, offers. This article provides a comprehensive overview of the tour.
