We don’t need another layer of interference in functioning of SOE boards
New SOE council, like its predecessors, is focused on how to fix the SOEs, when it should be finding ways to dispose of them instead
State-owned enterprises (SOEs) play an important role in the SA economy. Since 1994 they have been positioned as a key cluster for achieving economic growth and poverty reduction. They were geared to address market failure and deliver the key infrastructure services such as energy, transport, water and more that allow the economy to grow while ensuring equity through access and quality of social services to all citizens.
It is common cause that our key SOEs have failed miserably in delivering on their mandate. They have, moreover, been almost single-handedly responsible for driving SA Inc to the very edge of the fiscal cliff...
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