Organised business in SA has warned that state capture, which saw state-owned entities (SOEs) rendered dysfunctional to divert public funds for private benefit, remained because the decision-making power of the boards of these entities had been hollowed out by politicians.

According to Business Leadership SA CEO Busi Mavuso, the decision-making power within SOEs did not lie with the boards because decisions were “probably made somewhere between Luthuli house [ANC headquarters] and [government] departments”. ..

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