Public enterprises minister Pravin Gordhan is a man of integrity. He stood against the brazen corruption of the Jacob Zuma mafia, though, like the rest of his group, admittedly too late to spare the country a crisis.
This notwithstanding, Gordhan is also profoundly unrealistic when it comes to his portfolio. He remains attached to a model of public ownership that is unfounded in economics, profoundly non-performing, can only lead to vast corruption, and is ruinous to the Treasury and country. Faced with the systemic failure of the majority of state-owned enterprises (SOEs), he is unwilling, and perhaps unable, to truly reckon with the causes and consequences of the terminal crisis he is now tasked with solving. The bare-knuckled truth is that he is failing, at grave cost to SA...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.