Riyaz Patel
State Owned Enterprises (SOEs) constitute a key part of South Africa’s national life and are central to the country’s developmental and economic agenda, Public Enterprises Minister Pravin Gordhan said introducing his budget vote in Parliament Thursday.
He said the reform of SOEs is part of a broader agenda of structural reforms in our country and the department has, to date, gathered some 3000 forensic reports from SOEs.
“So far, an estimated R600 million has been identified as due to the state,” Gordhan said.
He added: “Over the last 18 months, we’ve increasingly understood the deep damage that has been visited upon these institutions, and the far reaching consequences of state capture for the economy.”
The minister then shed some light on Eskom.
Gordhan said the Minister of Finance, Tito Mboweni, will soon introduce a special Appropriations Bill as a short term intervention in seeking to stabilize the
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