LEVELS of disclosure at South Africa’s state-owned companies (SOC) are generally dismal, although a number of companies such as Eskom, Transnet and Telkom indicate that world-class standards are attainable.While there are indications that reporting standards are improving, in a few notable cases such as the Central Energy Fund, the SABC and the Post Office the already poor levels of disclosure have actually deteriorated.Things are particularly grim at the Independent Development Trust, where for the second year running no annual report was available.The latest survey of integrated reporting trends at SOCs, which is undertaken annually by audit firm Nkonki, reveals a rather grim picture of patches of excellence overshadowed by near indifference by many of our SOCs.The results of the survey, which is based on annual reports, indicate that the new public enterprises minister, who is responsible for most but not all of the SOCs, is facing major challenges.The survey looked at financial ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.