The Massive Companies Zuma Is Now In Charge Of

It was announced this week that the government would establish a Presidential State Owned Companies Coordinating Council, which will see President Jacob Zuma oversee the country’s parastatals.

Jacob Zuma in Germany speaking

I was announced this week that the government would establish a Presidential State Owned Companies Coordinating Council, which will see President Jacob Zuma oversee the country’s parastatals.

Minister in the Presidency for Planning Jeff Radebe said the council will provide Zuma “line of sight on strategic decisions and interventions to create state-owned companies that play a transformative role in a capable developmental state”.

The Mail & Guardian stated that the move could be seen as a strategy to neutralise Deputy President Cyril Ramaphosa, who has since 2014 had the political oversight of the SOEs.

“It will also give Zuma more say in as far as the bailing out of parastatals is concerned,” stated the report.

The City Press reported that the move, according to the DA, was “designed to continue Zuma’s reign of patronage”.

The City Press detailed the top seven parastatals which Zuma will oversee, including the size of the companies’ revenue and staff complements.

South Africa’s Top 7 SOEs
Company Employees Annual Revenue
Eskom 47,978 R164 billion
Transnet 64,467 R62 billion
SAA 5,257 R30 billion
Sanral 154 R8.6 billion
SABC 3,900 R7.5 billion
Prasa 17,000 R7.3 billion
Denel 6,931 R5.9 billion

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