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Pravin Gordhan: Competent, ethical people must run state firms

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Finance Minister Pravin Gordhan. (World Economic Forum/Greg Beadle)
Finance Minister Pravin Gordhan. (World Economic Forum/Greg Beadle)

Johannesburg – Competent professionals who are ethical in their conduct are needed to run public institutions, said Finance Minister Pravin Gordhan.

He  was speaking at a briefing about the economy at Deloitte on Friday. During a question and answer session, Gordhan shed light on the situation at South African Airways (SAA) and highlighted the importance of having the right people appointed to run the airline, as well as other state-owned enterprises (SOEs).

“The key is that we need competent professionals to run the airline because they know how to run an airline,” he said. Gordhan added that SOEs and state-owned companies (SOCs) also require the right people, appointed in the right positions doing the right job. They should also have the right competence and the right level of ethical behaviour to run these public institutions, he said. 

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