Treasury gives state-owned enterprises short shrift
Poor management at Eskom‚ South African Airways (SAA)‚ the South African Post Office‚ state railway operator Prasa and the South African National Road Agency (Sanral) has cost South Africans dearly and placed strain on the economy‚ the Treasury has admitted. In supporting documentation to the medium-term budget policy statement delivered by Finance Minister Pravin Gordhan in Parliament‚ the Treasury stated that these state-owned companies "could pose risks" to the country’s public finances. Further key interventions were foreseen‚ especially in the cases of the SAA‚ the Post Office‚ Sanral and Eskom. SAA gets no praise from the Treasury. Its new board simply gets tasked with returning the airline to financial sustainability and filling vacant management positions. No progress in this regard is recorded.