Finance Minister Enoch Godongwana took centre stage on Wednesday, tabling the 2025 Budget before the National Assembly with a clear message: South Africa’s state-owned enterprises are getting a lifeline, but not a free ride.
Godongwana spotlighted logistics parastatal Transnet as a key focus of new public-private partnership (PPP) regulations set to kick in on June 1, 2025. These rules, finalised after much anticipation, aim to slash red tape, boost capacity for managing PPPs, and lay down clearer guidelines for unsolicited bids while tightening fiscal risk oversight.
Godongwana said the regulations will allow national departments to set up sector-specific PPP units, driving private sector participation (PSP) to shore up the balance sheets of struggling state firms.
Transnet and the Department of Transport are already eyeing market engagement on PSP projects, targeting…
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Star South Africa (Digital) - 1 Issue, 2025-03-13