{"id":95668,"date":"2026-02-11T12:57:52","date_gmt":"2026-02-11T12:57:52","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe"},"modified":"2026-02-11T12:59:47","modified_gmt":"2026-02-11T12:59:47","slug":"south-africa-getting-a-new-soe","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe","title":{"rendered":"South Africa getting a new SOE"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>South Africa\u2019s government plans to set up a new company to manage its vast property portfolio worth an estimated R155 billion.<\/p>\n<p>President Cyril Ramaphosa is expected to announce the establishment of the firm, which will oversee about 88,000 buildings and five million hectares of land, in his state-of-the-nation address on Thursday, according to people with knowledge of the matter who asked not to be identified discussing a confidential cabinet decision.<\/p>\n<p>Vincent Magwenya, the president\u2019s spokesman declined to comment on the contents of the speech.<\/p>\n<p>The plans for the new company are consistent with a decision by the nation\u2019s 10-party ruling coalition to retain a tight hold over most state assets and ensure they are put to good use, the people said.<\/p>\n<p>Public Works and Infrastructure Minister Dean Macpherson first mooted the creation of a state property-management company shortly after he assumed office in mid-2024, to deter government departments from leasing expensive buildings from private companies rather that utilizing those owned by the state.<\/p>\n<p>\u201cWe are going to create an asset book that is worth hundreds of billions of rands that could possibly be traded, could possibly be sold for equity or can raise debt for social infrastructure,\u201d he said at the time.<\/p>\n<p>Bonginkosi Madikizela, a lawmaker who like Macpherson is a member of the Democratic Alliance party, said the government could save about 6 billion rand a year if it ended the practice of state entities leasing private buildings.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. South Africa\u2019s government plans to set up a new company to manage its vast property portfolio worth an estimated R155 billion. President Cyril Ramaphosa is expected to announce the establishment of the firm, which will oversee about 88,000 buildings and five million hectares of land, in his state-of-the-nation address on Thursday, according [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":95667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-95668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa getting a new SOE - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa\u2019s government plans to set up a new company to manage its vast property portfolio worth an estimated R155 bi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa getting a new SOE\" \/>\n<meta property=\"og:description\" content=\"South Africa\u2019s government plans to set up a new company to manage its vast property portfolio worth an estimated R155 bi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-11T12:57:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-11T12:59:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/02\/sm_1770802160.664604.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Africa getting a new SOE\",\"datePublished\":\"2026-02-11T12:57:52+00:00\",\"dateModified\":\"2026-02-11T12:59:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/02\/sm_1770802160.664604.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-getting-a-new-soe\",\"name\":\"South Africa getting a new SOE - 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