We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The year 2020 is a big one for SA and President Cyril Ramaphosa, from both a foreign and domestic policy point of view. At home, the challenge is to revive a faltering, job-shedding economy that is weighed down, mainly, by failing state-owned enterprises (SOEs). This week South Africans woke up to news that workers at Autopax, the state-owned bus service, will only receive half of their salaries; and that regional feeder airline SA Express was embroiled in a legal wrangle over an application to place it under business rescue, like SAA.

Most of the critical SOEs, such as Eskom, the Passenger Rail Agency of SA (Prasa), SA Post Office, Transnet, SAA and the Public Investment Corporation, are run by interim leadership teams — interim boards, CEOs and/or administrators, or business rescue practitioners in the case of Prasa and SAA. Complicating matters are the factions of the ANC using these public policy bodies to wage their internal battles...

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 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 helpdesk@businesslive.co.za 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.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.