Pravin Gordhan to announce board changes to SOEs

Public Enterprises Minister Pravin Gordhan will announce new board appointments for state-owned enterprises (SOEs) in his portfolio. Gordhan has oversight over power utility Eskom, rail and ports company Transnet, defence manufacturer Denel, airline SA Express, diamond mining organisation Alexkor and the South African Forestry Company (Safcol). In his budget vote[…]

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Gigaba lashes SOEs, but another SAA soft landing

State-owned entities present a major fiscal risk to the economy, but two of them – SAA and the SA Post Office – will receive R8.5-billion in government funding, putting South Africa’s carefully maintained expenditure ceiling at risk of a R3.9-billion breach. Finance Minister Malusi Gigaba announced in his medium-term Budget[…]

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ANC ‘seriously concerned’ over corruption levels

The ANC has noticed that certain state-owned enterprises (SOEs) have been suffering from poor management and allegations of corruption, said Ayanda Dlodlo, chairperson of the ANC subcommittee on legislature and governance. She said the ANC will announce “exact and targeted mechanisms” at its national policy conference from 30 June to[…]

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