African National Congress top six leaders. The governing party’s wishes are sometimes out of kilter with the dictates of statecraft.
AFP-GettyImages/Mujahid Safodien
South Africa’s 2018 budget does not go far enough. Perhaps finance minister, Malusi Gigaba was caught up in the euphoria of the widely welcomed state of the nation address by Cyril Ramaphosa.
South Africa’s Finance Minister Malusi Gigaba arrives to deliver his budget address.
Reuters/Mike Hutchings
Privatisation talk in South Africa shows how state owned enterprises are being used as tools for enrichment by the connected and less as key elements of development.
Demonstrators march against corruption in South Africa.
Reuters/Mike Hutchings
The scandals surrounding South Africa’s power utility, Eskom, were caused by the neglect of corporate governance rules by the board, the executive authority, and the public enterprises minister.
What has been lost in stating the case for South Africa’s credit rating is a tangible plan for strengthening governance and regulation of its state owned enterprises.
South Africa’s parastatals are in a dire state. Instead of being the mandated sites of development and profitability, they are costing the public purse billions and have been abused.
South African Airways is undoubtedly in crisis.
EPA/Udo Weitz
The costs to South Africa of maintaining the ownership of a national airline are proving to be unbearably expensive. It’s time to let the struggling carrier go.