The Independent Development Trust’s board and the department of public works and infrastructure have agreed to devise an exit plan, which will see the entity closed by early next year
Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk
SOEs must be dynamic growth enablers if they are to be deemed strategic assets for the economy
Sona was a mixed bag but there were some meaningful announcements
The poor condition of state-owned enterprises remains a blight on growth forecasts
South Africa has a slew of service-delivery problems, most notably in the water and electricity sectors. The time for promises is over: what the country needs is action
It’s not clear whether President Ramaphosa can coordinate his ministers in a way that provides clarity about dealing with the country’s energy crisis
Why were they established in the first place and how have they survived this long? Their histories provide clues for their successes and failures
The move potentially draws a line under the crisis — if a rescuer can be found
The treasury’s proposed changes paving the way for SOE banks come with strict conditions, but analysts point to already troubled institutions
Jacob Zuma has done an about-turn and will implement the recommendations of a 2013 report on management of floundering state-owned entities.
Proponents of privatisation are missing a point: what’s crucial, whether in state or private enterprises, is efficiency.
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.