Bailouts of SOEs cannot continue, says Tito Mboweni
'Additional government support cannot be a blank cheque to these SOEs. We really and truly cannot go on like this.'
11 July 2019 - 23:03
Finance minister Tito Mboweni on Thursday said government will soon cut support to struggling state-owned enterprises (SOEs), in what could be seen as a first step towards privatisation.
Ratings agencies have cited SOEs, including Eskom and SAA, which carry debt approaching R700bn, among the major risks to the sustainability of the country’s finances...
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