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.

South Africa News News

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.
South Africa South Africa Latest News,South Africa South Africa 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

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

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.

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:

SABCNews /  🏆 37. in ZA
 

Awu lavuka madoda iqembu likaBlade Nzimande benoBhuti Manamela

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-13 23:52:54