Gordhan makes Sweeping changes in SOE’s

CAPE TOWN- The Minister of Public Enterprises, Pravin Gordhan, announced new board and executive appointments to state-owned enterprises (SOEs) on Thursday morning.

Gordhan’s announcement comes after cabinet had a meeting on Wednesday, where the appointments were confirmed.

He announced that interim Eskom CEO Phakamani Hadebe’s appointment had now been made permanent.

Popo Molefe was confirmed chairman of the Transnet board.

Gordhan also announced a surprise steps taken to merge SAA, SA Express and Mango.

Gordhan lamented that after the country has lost its way and billions following the period of state capture, he said the future was looking bright and once forensic reports are completed, they must be published in the public domain in the interest of transparency.

A better relationship between boards and and management had been developed, with the main focus being productivity.

Under Gordhan’s leadership any corruption and maladministration reports must be responded with swift actions,  alerting the prosecution authorities and investigated immediately.

Gordhan outline three functions for SOE’s  boards in reclaiming money that has been lost due to corruption.

  • Clean out the past, investigate what needs to be investigated, pursue charges igf they are necessary and legitimate, and clear toxic people out of the system.
  • Secondly stabilise the institutions, in governance and financial terms and in terms of the morale of the staff.
  • Thirdly think is to look into the future and determine where to position the institution in the next five to ten years.

Photo Credit- Voice of the Cape


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