Home Southern Africa Updates South Africa Another week, another fattening of the albatross around SA’s neck

Another week, another fattening of the albatross around SA’s neck

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Another week, another fattening of the albatross around SA’s neck

President Cyril Ramaphosa in Kimberley, 10 January 2020. Picture: Nigel Sibanda

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Power utility Eskom and national airline South African Airways dominated this week’s cabinet lekgotla and left no doubt both will remain an albatross around the neck of the Ramaphosa administration for a long time.

The two state-owned enterprises must give President Cyril Ramaphosa sleepless nights, forcing government to put them on top of the agenda of the do-or-die high level gathering of ministers and senior managers. According to Sandile Tshabalala, corporate governance consultant at Mazars South Africa, the two most vital traits lacking from SA’s SOEs were forward-looking governance and optimistic solutions. “SOEs are managed by people who, in turn, deliver services to other people. People-centrality should therefore be essential in the governance. Understand the expectations of the populace and have the capacity to meet these expectations,” he said. With no hope of profits…

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