×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

If there’s a clear lesson from the widening crisis at the SABC, it’s that hiring executives at state-owned companies who lack even the most basic financial literacy leads only one way: bankruptcy.

You can see why it happens, of course. Many politicians of the “We’ll pick up the rand” philosophy seem to believe that “profit” is someone who flees to Malawi when facing fraud charges, and “loss” is what happens in by-elections. Fiscal competence, for them, is less valuable in a deployee than political credentials...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.