South Africa has released a draft law that will facilitate the creation of a holding company to house struggling power utility Eskom, rail and port operator Transnet and other State-owned enterprises. The National State Enterprises Bill, which will enable the formation of the State Asset Management, was released for comment on Friday by Public Enterprises Minister Pravin Gordhan. The Department of Public Enterprises, which currently oversees the State companies and answers to Gordhan, will be phased out as the holding company is brought into effect.
