The recent uproar over executive resignations at the major state-owned corporations have generated anger, exasperation, Solomonic wisdom and comments from all and sundry.
With SOCs no individual has skin in the game. We need to have a new approach that is better suited to SOCs. Basic stakeholder management nous would have anticipated that the minister would get involved in such a decision despite the existence of a board appointed to exercise oversight. A minister and the state itself cannot be blamed for insisting that those who receive money from the fiscus must comply with the laws and regulations set out in the Public Finance Management Act. You cannot accept bailouts of public money and expect to be exempt from the rules of the fiscus.
No because of TOTALLY INEPT CEO's. AND LOOTING via GROSSLY OVERSTAFFED
Because of lack of Visionary Leadership.