According to a report by Moneyweb, nine of South Africa's state-owned enterprises (SOEs) have performed so dismally in 2018 that their losses affected financial gains of 21 others.
To unpack this report, Clement Manyathela on the Xolani Gwala Show speaks to Moneyweb contributor Adriaan Kruger.
If you look at the SOEs we surveyed, SAA is the worst performer of them all, and SA Express also performed poorly. Our report shows that the SABC lost around R600m in the last year.— Adriaan Kruger, Contributor - Moneyweb
He says the research shows that it is taxpayers that are paying for the losses.
Listen below to the full interview:
This article first appeared on 702 : 'If you look at SOEs we surveyed, SAA is the worst performer of them all'