Extensive changes are in the offing at SA’s troubled state-owned enterprises (SOEs) as new Public Enterprises Minister Pravin Gordhan moves to tackle their many management and financial failings. Eskom and several other SOEs have been caught up in graft and management scandals in recent years and repeatedly called on the state to bail them out as their debt ballooned to unsustainable levels. President Cyril Ramaphosa, who succeeded Jacob Zuma as president last month, appointed Gordhan, a two-time finance minister, as his point man to sort out the mess at six of the biggest entities. "Virtually every entity we are supervising, or are responsible for, is going to have changes as far as the board is concerned," Gordhan said in a March 16 interview in Johannesburg. "If you take out some of the negativity and some of the negative people, immediately your operations at that entity change. Your revenue changes, therefore your financial situation begins to actually improve. And then your fi...
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