Data provided by iNet BFA
Loading...
See More

SA's best run parastatals named

Oct 11 2012 11:33 Sapa
New Telkom chief executive Pinky Moholi. She is th

Telkom chief executive Pinky Moholi.

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 49.96
Change 0.55
% Change 0.01
Cumulative volume 648497
Market cap 26.02bn

Last Updated: 30/07/2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Gigaba: SOEs to prefer black accountants

Gigaba promises to rein in SOEs

Body to review pay of SOE board

SOEs urged to create more jobs

Gigaba: Denel on recovery path

Transnet pumps billions into rail repair

 

Cape Town - Arms manufacturer Denel is the best governed state-owned enterprise (SOE), the Centre for Corporate Governance said on Thursday.

This was followed by Transnet, Telkom [JSE:TKG], the SA Post Office, and the Development Bank of SA, project leader and senior research fellow Lynn McGregor told reporters in Cape Town.

The findings were listed in a report entitled "Rating Governance in State-Owned Enterprises", which used publically available information to assess how the entities were run.

The focus of the research had largely been on transparency, accountability, how the boards functioned, their relationship with shareholders, and social and environmental performance.

McGregor said the findings would come as a surprise to some.

"We are aware that if you look at the news, all the top five are actually in trouble."

The project leader was asked who the five worst performing SOEs were.

A laughing McGregor said the focus of the project was not to "name and shame".

"It is very helpful to know what we are doing right. Our focus is: How can performance of SOEs be improved?"

The centre conceded, however, that much still needed to be improved in comparison to the private sector.

"Apart from social aspects where SOEs do better than the private sector, on the whole SOEs underperform in relation."

The report noted that research did not cover negative media coverage and did not verify the accuracy of information disclosed in public documents.

The centre warned that a high score according to the SOE matrix was not an endorsement of all government practices of an entity.


* Follow Fin24 on Twitter and Facebook.

 
transnet  |  denel  |  state owned enterprises
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
30 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Where can you stash your cash?

Fin24 user Tinashe Guramatunhu presents a review of the best way to invest a windfall or bonus.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...