Recapitalise State Owned Entities: Mapaila - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

African National Congress (ANC) alliance partner the South African Communist Party (SACP) says it wants State Owned Entities (SOEs) to be recapitalised instead of being sold to the private sector. ANCPolicyConference

The government wants some troublesome SOEs to be partially sold off as they have become a massive strain on government funds.

“When the people have no electricity, they don’t call corporations, they call government. So we need to take full responsibility. Recapitalise Eskom in a manner we can discuss with society. So [that] we are accountable for the actions we have taken ourselves. Because we still believe [that] these issues … will still require engagements post this policy conference within the framework of the alliance,” adds Mapaila.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Awu lavuka madoda iqembu likaBlade Nzimande benoBhuti Manamela

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in US

United States United States Latest News, United States United States Headlines