The Forum@8What can be done to turn SOEs around?
On the Forum@8 this morning we discuss the state of our the country's public entities.The problems facing state owned enterprises have been on the spotlight, particularly the absence of permanent CEOs and the looting that has driven many public enterprises closer to financial collapse. Many are in deep trouble, embroiled by sheer incompetence and corruption. entities like South African Airways and the South African Broadcasting Corporation reporting money problems and asking for government bail out. Serious questions are being asked about the legality of multi-billion rand procurement at Transnet and the state power utility Eskom...Ratings agencies have also made it clear that they're closely monitoring the country's finacial state. All this indicates that unless the lust to loot is curbed, South Africa is slipping deeper into a crisis. Sakina Kamwendo spoke to Political Analyst, Ralph Mathekga...
