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Scopa takes Eskom to task for corruption, mismanagement

By Kwazi Dlamini The parliamentary Standing Committee on Public Accounts (Scopa) has made its presence felt in overseeing the operations of state-owned entities (SOEs) by embarking on a visit to two power stations operated by the embattled electricity supplier Eskom at the end of August. Scopa members visited both Kusile and Medupi power stations amid Read more >

Mid-term budget policy speech: full text

Read the full text of finance minister Tito Mboweni’s maiden mid-term budget speech below, or download it as well as the budget policy statement: 2018 MEDIUM TERM BUDGET POLICY STATEMENT The economy at a crossroads Madam Speaker President of the Republic Deputy President Cabinet Colleagues and Deputy Ministers Deputy Speaker Governor of the South African 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 >

SOE shake-up on the cards – SA waits for action

Between the pronouncement made on planned anti-corruption efforts during his maiden state of the nation address (Sona) on 16 February this year, and his Cabinet announcement of this past Monday, President Cyril Ramaphosa seems to be serious about his administration’s planned restoration of state-owned enterprises (SOEs).  It remains to be seen, however, if the interventions Read more >

TI releases governance principles for SOEs

South Africa’s state-owned enterprises (SOEs) are not what could be described as the pride of the nation. The likes of Eskom, the Passenger Rail Association of South Africa (Prasa), the South African Post Office (SAPO), South African Airways (SAA), the South African Broadcasting Corporation (SABC), and others have become a national embarrassment rather than a Read more >

How corruption is fraying SA’s social, economic fabric

By Sean Gossel First published on The Conversation  South Africans are not happy. According to the recent Bloomberg’s Misery Index, South Africa is the second-most miserable country on earth. Venezuela tops the list of emerging countries. This isn’t too surprising considering that the country is embroiled in multifaceted crises. It also has among the highest Read more >

Corruption Watch welcomes Molefe’s resignation

Corruption Watch welcomes the decision by Brian Molefe to resign as Eskom chief executive officer. The organisation regards this resignation as being in the best interests of Eskom. Its prominence as a major state owned enterprise requires that the public has confidence in its operations, functioning and leadership. The allegations against Molefe, both in the Read more >

Budget 2016: clampdown on state-owned entities

Finance Minister Pravin Gordhan says government seeks to stop corruption, waste and the continued bailout of state-owned entities (SOEs). He delivered his much anticipated budget speech on Wednesday, amid cynicism over the economy. Gordhan also defended a measure undertaken by Treasury to review all contracts above R10- million. Earlier in the day, Treasury had released Read more >