By Thebe Mabanga
Last Friday, two key State-Owned Enterprises (SOEs) made announcements that suggest South Africa’s economic recovery might be gaining momentum, with the potential to translate into sustained growth.
Transnet and Eskom, two of the country’s largest and most critical entities, were in the spotlight.
Transnet released its results for the year ending March, while Eskom unveiled its summer outlook for the period September to March next year.
Together, they carry responsibility for unlocking two of the economy’s most stubborn constraints: a reliable electricity supply and the efficient performance of the logistics backbone – rail, and ports – which moves container goods, fresh produce, minerals, and automotives to global export markets while bringing imports from abroad.
Without these two functions, no modern economy can operate effectively.
Which is why it was encouraging to hear both Transnet and Eskom report signs of recovery under new boards and executive leadership, after
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