Johannesburg - Finance Minister Malusi Gigaba said despite the criticism levelled against state owned enterprises (SOEs), the companies were functioning well and doing "great work".
But he admitted that the governance of many of the SOEs needed to be fixed. Gigaba added that despite “one or two problems”, the enterprises were making a significant contribution to South Africa and should play a leading role in radical economic transformation.
“We talk ourselves down, our state owned companies are functioning well,” he told an economic conference in Kempton Park on Monday. The minister delivered a keynote address – titled ‘Roadmap towards inclusive growth’ at the two-day Ekurhuleni Investment Conference at Emperors Palace.