South Africa: cleaning up public enterprises

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.

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