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Cyril hints at new approach to ownership of Eskom, SAA and other SOEs

By Alec Hogg

If you listen closely, there is much to glean from the seemingly trivial.

In Parliament yesterday, Deputy President Cyril Ramaphosa provided oral replies, including feedback on his recent official visit to China. For the most part, the answers were what you’d have expected. But then Cyril deviated, dropping hints of China’s approach to State Owned Enterprises “worth noting”.

Here’s the interesting bit: “The success of many of China’s SOEs is due in part to the reform of their shareholding system. In some cases, this has included the introduction of strategic investors and the listing of some SOEs in capital markets.”

Could Cyril have been hinting SAA, Eskom, Transnet and other perennial underperforming SOEs may be getting the same treatment? If that’s the concrete result of his China adventure, for taxpayers, the trip will prove a great investment.

From Biznews community member Kabelo Serutle


pt2

From Biznews community member Stephen Theron

china

* For more in-depth business news, visit biznews.com or simply sign up for the daily newsletter.



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