Changes were made on May 24, 2018, at the head of several South African public companies considered “indebted and gangrenous by widespread corruption”.
According to Pravin Gordhan, the minister of state-owned enterprises, many public enterprises face financial, operational and governance problems. “This has a negative impact on the economy,” he said during a press conference in Cape Town, in the south-west of the country.
“The poor results of these companies are the result of widespread corruption and mismanagement,” he said, before displaying his determination to “reverse the situation.”
Thus, Phakamani Hadebe was officially appointed CEO of Eskom, the public electricity giant, after several months of acting in this position. In addition, it is announced the appointment of a new board of directors at the head of other public companies, including Transmet, the transport company, and the airline SA Express Airways.