The collapse in governance at South Africa's major parastatals has been held up as the main reason for the continued slide in confidence in the state and in the ability of the Treasury under its relative novice in Finance Minister Malusi Gigaba to keep fiscal discipline. It's a tale we know all too well. The revelations about board members of national institutions such as Eskom and SABC, among others, have been most embarrassing to the governing party and its president. In recent years, there's been, on the face of it, anyway, an attempt to clean house. Under the guise of corruption-busting, there have been clear-outs at some of these institutions or, as in the case of Eskom, a political principal that at every opportunity now tries to distance herself from all its actions. Among all this house-cleaning that we've seen in our state-owned entities over the past few years, some imagined and some real to be fair, one director has displayed a "Teflon" quality. That's Dudu Myeni, SAA's c...

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