Move to give public enterprises minister more power over SOE boards
19 August 2020 - 12:21
UPDATED 19 August 2020 - 17:50
The department of public enterprises, the custodian of many of SA’s state-owned companies, has suggested an increase in the powers of the minister over company boards by giving him the authority to dissolve them and step in when things go wrong.
State-owned entities (SOEs) have been plagued by governance problems, mismanagement, corruption and financial instability for more than a decade. ..
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