Gordhan's bill ‘won't rescue SOEs’
Proposed holding company is bound to fail and will do nothing to stop corruption or cadre deployment, say experts
Public enterprises minister Pravin Gordhan's National State Enterprises Bill suffers a critical flaw — it does not address cadre deployment which turned once-thriving public companies into dysfunctional, indebted entities, critics say.
It fails to create the independence necessary to ensure state-owned entities (SOEs) are not managed politically, as the president or a delegate is empowered by the bill to appoint the whole board of the new company, Free Market Foundation head of policy Martin van Staden said this week...
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