In his annual budget speech on Wednesday afternoon, Minister of Finance, Tito Mboweni, said: “The stateowned enterprises (SOEs) pose very serious risks to the fiscal framework. Funding requests from SAA, SABC,
Denel, Eskom and other financially challenged state-owned enterprises have increased, with several requesting
state support just to continue operating. Isn’t it about time the country asks the question: do we still need these
enterprises? If we do, can we manage them better? If we don’t need them, what should we do?” The Minister
added that over the past financial year, SAA’s guaranteed debt had increased by R6,2 billion.
Stop Press!
Comments | 0
