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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