Industrial metals continue momentum as investors cheer another better-than-expected inflation report in the US
The unskilled workforce in particular will be affected by the steps the country will be compelled to take
Some of the employees of the arms manufacturer have not been paid for more than two years
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
The Walt Disney business bets on ad-free viewing as it hikes premiums
Credit bureau sees more defaults ahead as central bank increases interest rates
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Soldiers say they killed scores of attackers during hours-long bombardment that included drones, car bombs and artillery in southern Mali
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
The Italian SUV outguns the Bentley Bentayga's record
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...
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 firstname.lastname@example.org 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.
Please read our Comment Policy before commenting.