Eyewitness News 8 March 2024 | 14:10

Public Enterprises department to ensure smooth transition of power as Gordhan leaves office

Gordhan confirmed his intention to retire from active politics at the end of the current administration's term.

Public Enterprises department to ensure smooth transition of power as Gordhan leaves office

FILE: Minister of Public Enterprises Pravin Gordhan. Picture: @PresidencyZA/Twitter

JOHANNESBURG - The Public Enterprises Department said that it wants to ensure a smooth transition of power when minister Pravin Gordhan leaves office.

Gordhan confirmed his intention to retire from active politics at the end of the current administration's term.

The department said the announcement is aimed at keeping all stakeholders related to the minister’s portfolio informed about his plans.

Gordhan has been minister of public enterprises since 2018 and stated that he wants to focus on his health and family.

Department Spokesperson Ellis Mnyandu said, "Minister Gordhan thanks the acting director-general and staff of DPE; the boards and management and employees of the state-owned enterprises and all other stakeholders for their collaboration and contribution to reforming and rebuilding SOEs."