National Treasury calls on Transnet and Eskom to get their act together iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
This while Transnet is indebted to the tune of R130 billion. The entity s Parliament briefing comes a week after Finance Minister Enoch Godongwana warned of its impact on the economy.
Central was “changing the culture of corruption”, although much had already changed following findings of the Zondo Commission and the appointment of a new board, Public Enterprises Minister Pravin Gordhan told the Standing Committee on Public Accounts.
Public Enterprises Minister Pravin Gordhan said that under the new board and executives, Eskom was turning the tide but even after the state capture years, there was still too much rot.
The trade union federation warned of a very real looming jobs bloodbath due to Transnet s poor performance, urging the entity to find a new CEO that was an expert on the issue .