Chairperson,
Today, Minister Pravin Gordhan will once again give assurances that his Department’s turnaround strategies for State-Owned Enterprises (SOEs) are on course and that these entities will soon emerge from the edge of financial ruin that they currently face.

It is a line that successive Ministers in the Public Enterprises portfolio, and the ANC government itself, love to band about whenever they are called upon to account on failing SOEs. But South Africans can now see beyond this empty rhetoric. Almost every week there are stories of how SOEs are lurching from one
crisis to another, with no discernible solution in sight.

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