Former finance minister Trevor Manuel made a number of valid points in his address to the Unisa School of Business Leadership, an extract of which was published in Business Day (First order of business is clarity of thought that compels right action, March 26). However, it is unfortunate that he includes the South African National Roads Agency Limited (Sanral) in what he refers to as a "disreputable list of entities". These entities are mentioned to make his argument about questionable corporate governance at private and public-sector companies, state capture and misbehaviour. Unfortunately, such sweeping statements have damaging impacts on Sanral’s reputation at a critical period when foreign and local investors have to take decisions on whether to invest in bonds and instruments that will have to fund the country’s future road infrastructure. Sanral has never been found — or even accused — of being in breach of corporate governance regulations. We have built a track record of adhe...
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