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SA taxpayers lost R521bn bailing out corrupt, mismanaged SOEs

South African taxpayers have forked out an estimated R521-billion over the last 15 years to keep state owned enterprises (SOEs) alive, and have received nothing in return. Despite the bailouts, many companies continue to fail due to financial mismanagement and corruption, and the bailouts may be much higher than the National Treasury estimates. During a Read more >

TI releases governance principles for SOEs

South Africa’s state-owned enterprises (SOEs) are not what could be described as the pride of the nation. The likes of Eskom, the Passenger Rail Association of South Africa (Prasa), the South African Post Office (SAPO), South African Airways (SAA), the South African Broadcasting Corporation (SABC), and others have become a national embarrassment rather than a Read more >