In his rousing budget vote earlier this week, President Cyril Ramaphosa promised clean governance and that those using state-owned enterprises (SOEs) to line their own pockets would be pursued by law enforcement. But his administration needs to address another elephant in the room concerning such SOEs.

It is not about their privatisation, as the state seems reluctant to cut the apron strings of its more than 700 state-owned companies, many of which are draining the fiscus without any successful solutions being applied to them.

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