"There was a time when some SOCs [state-owned companies] were reasonably well run under the leadership of black people such as Reuel Khoza, Thulani Gcabashe and Peter Matlare.
"However, SOCs have become a slaughterhouse for skilled black leaders and executives whose reputations get tarnished because of factors that are beyond their control. "It has come to our attention that other black leaders and executives are on the verge of also submitting their resignation letters due to intolerable levels of political interference and the failure of the government to fully support them and address the capital structures and funding models of their struggling SOCs," Nomlala said.
Nomlala accused public enterprises minister Pravin Gordhan of behaving like the de facto CEO within state-owned companies. "This governance framework should also outline the role of the minister of public enterprises, who has clearly over-reached his authority," he said.
For me it's not about black executives/managers, but about the ANC which is so incompetent in running the country that no executive (white or black) should apply for these positions until a clear governance framework is in place for running these entities.
Njani?
Very little was known of these CEO's all of a sudden after resignation are seen a saviors. Could it be a question of not appreciating something until it is gone🤔
When this is pointed out, those who know little about what issues r being raised that r stifling strategic decision making n creating unimaginable impediments want to have us know that highly qualified, technically skilled Managers who r being shredded should b equated to Hlaudi
They are also a feeding trough for the AMC connected elite
Fokken BMF morons 🙄 They'll squeal like stuck pigs when WHITE CEOs are appointed, so what is their constructive proposal ?
Like 21 CEO's in 10 years ? And they are more bankrupt than before ? Ja riiiiight! Nice try . 😂😂😂😂
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Black executives shouldn't apply for jobs at state companies: BMFThis comes in the wake of the resignations of SAA CEO Vuyani Jarana and Eskom CEO Phakamani Hadebe in the past week. The black CEO in SA are Really under attack can somebody who hv eyes &vigour tell anyone at the authority that Academic professional in SOE are deliberately undermine or are targeted &put under undue pressure in order to vacate the post so that an indian/whites takes over ANCNEC They have failed. Race is not an issue. The issue is business vs politics. And finding the balance. Nonsense, the crying babies surrendered not pushed,
Source: SowetanLIVE - 🏆 13. / 63 Read more »