After failing to gain re-election in the 2004 general election, he founded and led the Progressive Business Forum, a corporate fund-raising vehicle for the African National Congress (ANC).
[14][15] After the agreement was finalised, at the end of December 2001, President Thabo Mbeki appointed Schoeman as Deputy Minister of Health; he resigned as NNP executive director in order to take up the position.
[16] In the next general election in 2004, Schoeman stood for re-election to the National Assembly but, due to a very poor performance by the NNP, did not secure a seat, ending his 19-year tenure in Parliament.
There must be some serious grave-spinning going on";[19] while analyst Susan Booysen described Schoeman and Swanepoel as "die-hard Nats [NP supporters]... that eventually joined the ANC not out of principle but out of desperation for a little place in the ambit of political power".
[22] In June 2019, President Cyril Ramaphosa appointed Schoeman to a five-year term as a member of the Commission for the Promotion and Protection of the Rights of Cultural, Religious and Linguistic Communities.