Public Enterprise Minister Pravin Gordhan has indicated that the common problem in the country’s state-owned enterprises (SOEs) is a liquidity issue, the Black Business Council (BBC) said on Thursday. The council met Gordhan to discuss issues surrounding SOEs, focusing on corruption and state capture, the department’s strategy to stabilise the entities to ensure they are profitable, and the appointment of boards. BBC secretary-general George Sebulela said Gordhan had given the council a breakdown on what the issues were in each SOE individually. "On a common bases, a lot of them were [facing] a liquidity issue. They need working capital in order to fund projects. This is one of the issues [he] is going to work hard on in conjunction with the boards appointed in those particular SOEs," Sebulela said. SA’s SOEs have been in embroiled in allegations of state capture and many of them were looted. Sebulela, however, said the liquidity issues at the entities could not be blamed only on ma...

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