There has not been sufficient improvement in the performance of key state-owned enterprises such as Eskom and Transnet, which are critical to long-term economic growth, says trade and industry minister Ebrahim Patel.
According to Patel, in the first half of 2019 SA received R38bn in FDI. This was more than the total amounts for the 2015, 2016 and 2017 financial years. Aside from Eskom’s operational difficulties, a number of other SOEs are facing operational, financial and governance challenges. These include Transnet, the government’s logistics arm, which recently reported that irregular expenditure had risen to R49bn,
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