SA’s public enterprises: Millions wasted and almost no permanent CEOs
President Cyril Ramaphosa recently met with chief executives of 20 state-owned companies to discuss the challenges plaguing state-owned enterprises.
According to a statement issued by the Presidency on Wednesday, several public enterprises are struggling with “inadequate capitalisation,” “poor governance” and “political interference”.
Among the entities present at the meeting included Eskom and SAA – CEOs at both have recently resigned. Other public enterprises at the meeting include PetroSA, the Central Energy Fund and the Passenger Rail Agency of SA.
Several public enterprises, apart from falling victim to allegations of state capture, have also been plagued with disciplinary action relating to top jobs, too few permanent CEOs and millions in fruitless expenditure
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