Transnet assigned to the Department of Transport

SOEs assigned to new government departments

SOUTH AFRICA: Transnet has been assigned to the Department of Transport, following the removal of the Department of Public Enterprises from government structures in the new administration.

President Cyril Ramaphosa has assigned shareholder responsibility for each of the state-owned enterprises that previously fell under the Department of Public Enterprises to the respective line-function Ministries.

The President has signed a proclamation appointing the Minister in the Presidency responsible for Planning, Monitoring and Evaluation as the executive authority of the Department of Public Enterprises (DPE), which will continue to exist and operate until the human and financial resources are transferred appropriately.

The Minister in the Presidency responsible for Planning, Monitoring and Evaluation has also been assigned the responsibility to finalise the National State Enterprise Bill, which will set out the exercise of shareholder responsibility for respective SOEs which will be transferred in a phased manner into the envisaged national enterprise holding company.

Other maritime-related entities which have been impacted by the closing of the Department of Public Enterprises include:

Alexkor – will be transferred to the Minister of Mineral and Petroleum Resources
Denel will be transferred to the Minister of Defence and Military Veterans