Gordhan: We can make SOEs 'exemplary', but opposition parties are in denial over state capture

Minister of Public Entreprises Pravin Gordhan says they are not going
to liquidate SAA and business rescue practitioners must turn it
around. Photo by Misheck Makora
Minister of Public Entreprises Pravin Gordhan says they are not going to liquidate SAA and business rescue practitioners must turn it around. Photo by Misheck Makora

Government is working to make sure that in the next few years state-owned enterprises will not be dependent on the fiscus, but it will take time and the damage of state capture to these entities must first be addressed, said Public Enterprises Minister Pravin Gordhan.

The minister on Thursday was responding to a debate on the financial burden of sustaining non-profitable state-owned enterprises (SOEs) during a sitting of the National Assembly. Earlier on Thursday, President Cyril Ramaphosa chaired a virtual inaugural meeting of the Presidential SOE Council (PSEC).

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.27
(-0.26)
ZAR/GBP
20.39
(-0.41)
ZAR/EUR
18.28
(-0.25)
ZAR/AUD
11.27
(+0.00)
ZAR/JPY
0.15
(-0.36)
Gold
1779.49
(-0.38)
Silver
22.23
(-1.82)
Platinum
957.00
(-0.62)
Brent Crude
48.03
(0.00)
Palladium
2396.00
(-1.15)
All Share
57155.67
(-1.15)
Top 40
52400.41
(-1.17)
Financial 15
11305.06
(-2.36)
Industrial 25
78928.51
(-1.21)
Resource 10
52496.37
(-0.58)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 350 votes
No, I did not.
51% - 831 votes
My landlord refused
28% - 452 votes
Vote