Eskom, SABC, SAA… There’s an almighty battle raging for the soul of our SOEs

Eskom, SABC, SAA…

There seems to be a fight raging for the soul South Africa’s money pit State-owned Enterprises (SOEs).

The Money Show’s Bruce Whitfield interviewed Econometrix Chief Economist Dr Azar Jammine.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

One feels terribly uncomfortable at the idea that Government employee pensions are used to bail out State-owned Enterprises.

Dr Azar Jammine, Econometrix

The danger is that Government will be compelled to print money to pay pensions, as has happened to the north of us.

Dr Azar Jammine, Econometrix

Clearly, it is a political issue.

Dr Azar Jammine, Econometrix

A lot of the mess SOEs are in is because a lot of the leaders are put in managerial positions beyond their capacity and, in certain instances, are liable to be captured.

Dr Azar Jammine, Econometrix

A lot of capable people don’t end up leading these organisations because they are not politically connected.

Dr Azar Jammine, Econometrix

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Article brought to us by Old Mutual.

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