Business

Boards of five State-Owned Entities dissolved

Reports indicate that the boards of BDC, Gambling Authority, CEDA, LEA and CIPA have been suspended as part of a turnaround in govt.
 
Reports indicate that the boards of BDC, Gambling Authority, CEDA, LEA and CIPA have been suspended as part of a turnaround in govt.

Mmegi is informed that the board members were told today of the decision. The parastatals are all within the Trade and Entrepreneurship ministry, which has the highest number of SOEs.

Reached for comment, the Ministry’s new PS, Joel Ramaphoi, declined to shed light on the matter, saying it was ‘on the Minister’s table’.

Mmegi continues to reach out to authorities for further details and will update on the developments