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SA taxpayers lost R521bn bailing out corrupt, mismanaged SOEs

South African taxpayers have forked out an estimated R521-billion over the last 15 years to keep state owned enterprises (SOEs) alive, and have received nothing in return. Despite the bailouts, many companies continue to fail due to financial mismanagement and corruption, and the bailouts may be much higher than the National Treasury estimates. During a Read more >

Gordhan shows way forward for cleaner public corporations

By David Lewis First published in Business Day Pravin Gordhan’s recent presentation to the parliamentary portfolio committee on public enterprises does indeed portend a “new dawn” for state-owned enterprises (SOEs). These massive corporations, many of which are producing critical basic goods for the country’s public and industry, have been front and centre of the plunder Read more >