LETTER: Most SOE boards are littered with unsuitable cadre deployments
That accounts for the parlous state of affairs in most of them
The process known as state capture lasted longer than the Zuma era and is ongoing, if “covid-preneurism” is a yardstick for measuring the corruption involved. During the process as much as R1.5-trillion has been implicated, much of it in the form of loot extracted from vulnerable departments of state and state-owned enterprises (SOEs).
It was accordingly encouraging to hear during the state of the nation debate that public enterprises minister Pravin Gordhan has plans, however belated, to recover the loot. His speech in parliament can be summarised as a clear statement of intent to recover the assets misappropriated during state capture. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.