The South African government is advancing comprehensive reforms to modernize and strengthen state-owned enterprises (SOEs), which were implicated in corruption during the state capture era under former President Jacob Zuma.

Minister Khumbudzo Ntshavheni reported progress on initiatives like the National State Enterprise Bill, which aims to centralize SOE governance, standardize practices, and improve performance.

These reforms, part of a broader economic agenda, include the SOE Performance Monitoring Framework, which assessed 72 entities and identified governance challenges.Operation Vulindlela, launched in 2020, continues to drive structural changes for economic growth and service delivery.

Additionally, the draft Strategic Petroleum Stocks Policy proposes a 60-day fuel reserve buffer, with plans to expand to 90 days, to bolster energy security against global supply shocks.

The reforms emphasize accountability, transparency, and long-term resilience, reflecting the government's commitment to addressing systemic issues in SOEs and ensuring sustainable economic development.