South Africa: No More Mr Nice Guy - Gigaba Gets Tough On State-Owned Entities

Finance Minister has drawn a line in the sand regarding government's expectations of the executives and board members that are running the country's state-owned companies (SOC) into the ground.

It was revealed in the 2017 mini budget that between 2011/12 and 2016/17, the combined profitability of the SOCs declined from 7.5% to an estimated 0.2%.

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