Tim Cohen Senior editor: Business Day

The first sentence of Leo Tolstoy’s classic novel Anna Karenina reads: "Happy families are all alike; every unhappy family is unhappy in its own way." And so it is with corrupt public entities. Much of recent public debate has focused, understandably, on Eskom, which is such a cornerstone of the economy and whose gradual erosion has been the subject of a million articles. The numbers are huge and the consequences enormous; so much so that Eskom’s revitalisation now has a real urgency to it. But my eye was caught by a small story about the Passenger Rail Agency of SA (Prasa) finally submitting — eight months late — its 2016-17 annual report. That is almost all that needs to be said; it’s 2017-18 report is almost due. What can a year-old report really tell us? As it turns out, quite a bit. Prasa’s function is pretty important because of SA’s warped history of widely spread-out living spaces. If anything could help fix this problem, it would be a cheap and efficient rail service. Prasa...

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 exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.