A RELAUNCHED SAA WILL NOT SUCCEED IF NOTHING ELSE CHANGES
In an opinion piece in an online publication last Tuesday (23 February), Public Enterprises Minister Pravin Gordhan bemoaned – for the umpteenth time – the different forms of corruption which have badly affected some of the country’s State-owned enterprises (SOEs) over the past few years, almost bringing a growing number of them to their knees. Typically, he heaped much of the blame on State capture
IF NOTHING CHANGES, SOUTH AFRICA'S STATE-OWNED ENTERPRISES WILL CONT...
Over the past few years, a growing number of South Africa’s State-owned enterprises (SOEs) have found themselves financially in trouble. In February this year, arms manufacturer Denel announced yet another loss, which saw the company’s cumulative losses adding up to R4,4 billion over the past three years. This triggered resignations by a number of Board members, among them Chairperson Monhla Hlahla. Chief Executive Talib Sadik described the company as being “structurally and operationally inefficient”.
IT WILL TAKE MORE THAN FIGHTING STATE CAPTURE TO TURN SOUTH AFRICA'S STATE...
In an opinion piece in Daily Maverick a week ago, Public Enterprises Minister Pravin Gordhan wrote about steps taken by his Department to reverse the effects of the “ruthless looting and destruction” which has taken place in the country’s State-owned enterprises (SOEs) over the past few years (“Our SOEs have been stripped by ruthless looting and destruction – this is how we will begin the recovery”, 23 February 2021).