Ramaphosa to head new plan for state-owned companies in South Africa

President Cyril Ramaphosa is set to chair a commission aimed at streamlining South Africa's state-owned companies, marking a shift towards greater coordination and efficiency. The commission's review of a national strategy will standardise governance practices, eliminating duplication and paving the way for rationalisation of entities. As part of the broader reform effort, the government is working on guidelines for appointments and remuneration, as well as a framework for rationalising the firms, a move that could potentially lead to the listing or privatisation of some companies.