Ignorance, political interference, corruption and mismanagement cripple state-owned entities.
The presidential review that calls for widespread reforms has been cautiously received.
The review of state-owned entities moots the possibility of collapsing non-viable parastatals but skirts the vexed issue of privatisation.
The Chinese model of state-led development has garnered wide support from a number of African governments, but it comes with governance-related risks.
The state wants to keep the country's debt levels down while also saving money across government departments.
South Africa's state-owned entities are queuing for cash, writes Lloyd Gedye