They are failing because the board of directors are not competent to run multibillion rand organisations.— Shaun Liebenberg
On Wednesday ratings agency Moody’s placed Eskom, Sanral, the Industrial Development Corporation (IDC), the Development Bank of Southern Africa (DBSA) and the Land Bank on immediate review for a downgrade.
Moody’s is concerned about their access to the debt market and their ability to absorb higher funding costs.
The Money Show’s Bruce Whitfield interviewed Shaun Liebenberg, a former CEO at Denel.
Scroll down for more quotes from the audio below.
I ran Denel up until 2008.— Shaun Liebenberg
Every SOE’s board of directors is appointed by Cabinet. They are responsible.— Shaun Liebenberg
What is the mandate of an SOE? At Denel it was to create a globally competitive organisation.— Shaun Liebenberg
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Allon Raiz, CEO at Raiz Corp on government focus with small businesses.
The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.
The Money Show’s Bruce Whitfield interviews Richard Brasher CEO at Pick n Pay on its growth.
The Money Show’s Bruce Whitfield interviews Finance Minister at Treasury Nhlanhla Nene on the IMF and World Bank Group meetings.
Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?
Bruce Whitfield interviews Maluleke – the first black woman to lead a South African bank.
Embattled public broadcaster's new COO, Chris Maroleng tries to defend SABC about Sakina Kamwendo incident.
A video of a white man speaking fluent TshiVenda went viral, but languages expert Dr Dowling says most black people speak English.
Government has put plans in place to prevent the Misverstand Dam from running dry in a week's time.
Writer Niren Tolsi says SA cricketer Hashim Amla is the living embodiment of a nation trying to express itself while healing.
She faces ongoing complaints from rivals about having an "unfair advantage" on the track, but how fair is this proposed IAAF rule?
Wattapac is a water-saving bladder and pump designed to help plumbers save as much as 1 000 litres of water a day.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)