Ramaphosa’s new job: fix failing state enterprises

2014-12-11 11:24

Eskom, South African Airways and the South African Post Office are three crucial state enterprises, yet all three are failing dismally.

But President Jacob Zuma has a plan to fix them – Cyril Ramaphosa.

Minister in the Presidency Jeff Radebe announced today that the deputy president has been assigned to “oversee the turnaround of [these] three state-owned companies” and progress in this regard would be closely monitored by the presidency.

In addition to Ramaphosa’s rather daunting task, Radebe announced that the treasury was to assume control of SAA.

Radebe was addressing a media briefing in Pretoria, following Cabinet’s fortnightly meeting yesterday.

He said that Cabinet was concerned about the performance of some state-owned companies, in particular SAA, the South African Post Office, and power utility Eskom, each of which had a critical role to play within the country’s economy.

Each of the companies had made headlines recently for the wrong reasons – SAA’s finances are in a state, the Post Office had failed to deliver mail due to a protracted strike by disgruntled workers, and rolling blackouts had hit the country amid a crisis at the power utility.

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