Petition for a formal review of SA’s 131 SOEs
Put politics aside. Let's pull together, and get South Africa working again!
South Africa’s State-Owned Entities (SOEs) lose R91 000 a minute, and they will continue losing money until strong action is taken.
According to National Treasury, in the last two years, the consolidated losses of all SOEs in South Africa is almost R100 billion.
And yet, despite these losses, President Ramaphosa and his Minister of Public Enterprises, Pravin Gordhan, still refuse to take the necessary action.
They refuse to cut bloated salaries, they refuse to cut the public wage bill, they refuse to get rid of patronage networks, and they refuse to do away with cadre deployment.
They won’t even institute a formal review of SA’s 131 SOEs to find out which ones are necessary, which ones need to be dissolved, which ones should be partially privatised, and which ones should be privatised in their entirety.
Instead, Minister Gordhan has opted to throw more money at the problem, announcing that a mystery lender would provide more cash to the struggling Denel so that it could pay salaries this month.
Enough is enough.
Join us in our call to President Ramaphosa and Minister Gordhan: Institute a full review of all SOEs in South Africa.
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South Africa’s State-Owned Entities (SOEs) lose R91 000 a minute, and they will continue losing money until strong action is taken.
According to National Treasury, in the last two years, the consolidated losses of all SOEs in South Africa is almost R100 billion.
And yet, despite these losses, President Ramaphosa and his Minister of Public Enterprises, Pravin Gordhan, still refuse to take the necessary action.
They refuse to cut bloated salaries, they refuse to cut the public wage bill, they refuse to get rid of patronage networks, and they refuse to do away with cadre deployment.
They won’t even institute a formal review of SA’s 131 SOEs to find out which ones are necessary, which ones need to be dissolved, which ones should be partially privatised, and which ones should be privatised in their entirety.
Instead, Minister Gordhan has opted to throw more money at the problem, announcing that a mystery lender would provide more cash to the struggling Denel so that it could pay salaries this month.
Enough is enough.
Join us in our call to President Ramaphosa and Minister Gordhan: Institute a full review of all SOEs in South Africa.