The Minister of Finance Tito Mboweni is expected toCROs for Eskom, Denel, the South African Broadcasting Corporation and South African Airways this coming week.
Dube says the officers, who will play the role of a curator, could recommend the privatisation of the SOEs. “Well the board will obviously have to be affected because it will no longer be the one in control. Once they appoint the curator, that curator now would have control over the boards and would have control over the management. The jobs that are on the line are the management and the boards, but the general employees are protected by the curator.
National Treasury DG Dondo Mogajane says the revelation of the conditions for financing the cash-strapped entities including Denel and SAA is linked to the announcement of Chief Restructuring Officers to oversee these entities. “The conditions as I indicated I think we have tied them with the announcement of CROs in terms of the original plan. ”
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Should with SoE and government agency cause 65% of government money goes to their pockets leaving poor employees to get nothing... I support that I should start by 1 April 2020...
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