Obed Bapela says recapitalising SOEs necessary to fuel economy
Public enterprises deputy minister says the government is ‘open to debate’ on funding for ailing state-owned enterprises
10 May 2023 - 21:28
The government maintains it is committed to funding SA’s state-owned enterprises (SOEs), which are prone to corruption and inefficiencies, saying that recapitalising the ailing entities is necessary to fuel SA’s stagnant economy.
Public enterprises deputy minister Obed Bapela told parliament’s portfolio committee on public enterprises on Tuesday the government is open to renew a debate on recapitalising of SOEs...
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