On June 11 2020, President Cyril Ramaphosa announced the appointment of a star-studded advisory council to help him fix SA’s rapidly collapsing state-owned enterprises (SOEs). 

As with most of his other advisory councils, the work of the SOE council, which boasts big private sector names (most with no SOE or public sector experience), has been opaque. The council, which was tasked with recommending a new shareholder and management model, failed to slow or prevent the implosion of Eskom and Transnet, two major entities that are strangling SA’s economy...

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