We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Eskom, Denel, the SABC, SAA — state-owned enterprises (SOEs) have made headlines repeatedly in the previous years, with few South Africans seeing much light at the end of the proverbial tunnel — or any light at all really, thanks to scheduled load-shedding. Arguably, however, there are reasons to be optimistic. The period before the elections provides the ideal time for good governance to start to turn various dire SOE situations around, and we are already seeing evidence of this. Think of why the auditor-general requested greater powers to deal with the reluctance of many SOEs to rectify the recommendations of the auditor-general. These include irregular and unjustified spending eroding the budgets of SOEs and SOCs. With irregular spending hitting the R51bn mark, auditor-general Kimi Makwetu is putting clear principles behind processes to curb the “flow’” with President Cyril Ramaphosa’s backing. The signing of these new law amendments to the Public Audit Act shows a shift: the fo...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.