Carol Paton Editor at Large

It has been a torrid week for those who answered the call of “thuma mina” (“send me”) and agreed to serve as directors on the boards of SA’s troubled state-owned enterprises (SOEs).

In the two years since Cyril Ramaphosa became president of SA, serving on a board of an SOE has got no better. While the worst crooks are off the boards and mostly out of management too, it has not become any easier to exercise fiduciary responsibilities in the public sector environment.

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, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now