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Carol Paton | Boards of state companies are broken, paralysed - despite Ramaphosa's pledge

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Fin24 writer-at-large Carol Paton.
Fin24 writer-at-large Carol Paton.
Liza van Deventer

Former president Jacob Zuma used board appointments to create a web of control and corruption reporting to his friends the Guptas. Under the Ramaphosa administration, appointments to boards have either ground to a halt or still occur on an "interim" and arbitrary basis, writes Carol Paton

SA's state-owned enterprises (SOEs), critically wounded by the "nine wasted years" of the Jacob Zuma administration have not recovered. After four and a half years of Ramaphosa medicine, the condition of several has deteriorated financially. Governance, which was to be Ramaphosa's hallmark, is poor, with long overdue board appointments not made and independent directors shifted into executive roles.

While the damage done by the previous ANC administration is deeper than anyone anticipated, it is time to ask why Ramaphosa, Public Enterprises Minister Pravin Gordhan, and other Cabinet colleagues with SOEs in their care have been unable to get it right. 

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