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Given the political meddling and the Hlaudi Motsoeneng era, one can be forgiven for thinking that the SA Broadcasting Corporation (SABC) is just another basket case of a failed state-owned enterprise (SOE). But it’s time to think again. The SABC of today, although still far from showroom condition, might very well be on its way there, largely because of one fundamental activity a board that is intolerant of the destructive forces of political meddling. SOEs are much like any business and they need to be run efficiently, with the best people and systems, if they are to succeed. More often than not the worst people to give advice, interfere or make appointments are Cabinet ministers. More so when the focus of cadre-deployment practices have converted many SOEs into de facto employment agencies, with managers instructed to employ relatives and friends of the politically connected. ....
‘South Africa lost R49 bn due to state capture, corruption’ Updated Gaopalelwe Phalaetsile Share this: The commission of inquiry into state capture has heard that South Africa lost R49 billion to state capture and corruption-related activities. Youtube Holden testified via Zoom from the British capital. He testified on amounts of monies paid by different government departments, including the Free State provincial government, the North West government, and several SOEs through contracts tainted by state capture. Most of these monies were paid directly to companies not owned by the Guptas, but linked to them through their business associates. The money subsequently ended up directly into Gupta-owned entities. ....