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South Africa to establish new Commission to oversee State firms
South Africa to establish new Commission to oversee State firms
South Africa intends establishing a commission chaired by President Cyril Ramaphosa to coordinate the work of its State-owned firms after shelving plans to place them under the auspices of a holding company.
The new panel will review a national strategy that outlines what role the firms should play and ensure the government exercises ownership in a coherent and professional manner, Gwen Ramokgopa, a minister in the Presidency, said in a response to questions.
It will also standardise and strengthen governance practices, improve…
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