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

The latest: 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.

What happened: 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.

What was said: The minister hit back at DA MPs for not presenting solutions but resorting to critiquing and forgetting the damage caused by state capture on these entities.


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
Lockdown For
DAYS
HRS
MINS
Voting Booth
How has the delay in schools' opening impacted your life?
Please select an option Oops! Something went wrong, please try again later.
Results
It's a disaster! We're struggling to manage work and kids at home
42% - 2801 votes
It's a struggle, but we learnt lessons from last year's closures
20% - 1318 votes
It's a relief, this second wave is bad and kids need to be at home
39% - 2623 votes
Vote
ZAR/USD
15.16
(+0.65)
ZAR/GBP
20.75
(+0.65)
ZAR/EUR
18.38
(+0.60)
ZAR/AUD
11.58
(+0.91)
ZAR/JPY
0.15
(+1.00)
Gold
1858.19
(+1.03)
Silver
26.36
(+4.94)
Platinum
1084.50
(+2.69)
Brent Crude
55.26
(-0.20)
Palladium
2321.00
(+1.29)
All Share
63158.57
(+0.60)
Top 40
58027.72
(+0.66)
Financial 15
11888.96
(+0.53)
Industrial 25
85611.41
(-0.26)
Resource 10
60827.61
(+2.09)
All JSE data delayed by at least 15 minutes morningstar logo