TI releases governance principles for SOEs
State-owned enterprises are ultimately owned by the public, As such, these entities should be beacons of integrity and transparency, but corruption and incompetence are rife in many of South Africa’s SOEs. Compared to other companies, SOEs have specific corruption risks because of their closeness to governments and public officials and the scale of the assets and services they control. Some of the biggest recent corruption scandals have involved state-owned enterprises, which clearly shows the risks that these companies face.
