{"id":460228,"date":"2018-05-26T14:42:32","date_gmt":"2018-05-26T14:42:32","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460228"},"modified":"2018-05-26T14:42:32","modified_gmt":"2018-05-26T14:42:32","slug":"south-africa-cleaning-up-public-enterprises","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/05\/26\/south-africa-cleaning-up-public-enterprises\/","title":{"rendered":"South Africa: cleaning up public enterprises"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Changes were made on May 24, 2018, at the head of several South African public companies considered &#8220;indebted and gangrenous by widespread corruption&#8221;.<\/p>\n<p>According to Pravin Gordhan, the minister of state-owned enterprises, many public enterprises face financial, operational and governance problems. &#8220;This has a negative impact on the economy,&#8221; he said during a press conference in Cape Town, in the south-west of the country.<\/p>\n<p>&#8220;The poor results of these companies are the result of widespread corruption and mismanagement,&#8221; he said, before displaying his determination to &#8220;reverse the situation.&#8221;<\/p>\n<p>Thus, Phakamani Hadebe was officially appointed CEO of Eskom, the public electricity giant, after several months of acting in this position. In addition, it is announced the appointment of a new board of directors at the head of other public companies, including Transmet, the transport company, and the airline SA Express Airways.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Changes were made on May 24, 2018, at the head of several South African public companies considered &#8220;indebted and gangrenous by widespread corruption&#8221;. According to Pravin Gordhan, the minister of state-owned enterprises, many public enterprises face financial, operational and governance problems. &#8220;This has a negative impact on the economy,&#8221; he said during a press conference<\/p>\n","protected":false},"author":533179,"featured_media":460230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996],"tags":[556],"class_list":{"0":"post-460228","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"tag-south-africa","9":"post_format-post-format-aside","10":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa: cleaning up public enterprises - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/05\/26\/south-africa-cleaning-up-public-enterprises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa: cleaning up public enterprises\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/05\/26\/south-africa-cleaning-up-public-enterprises\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-26T14:42:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/05\/2018-02-16t185159z_1648151940_rc1d8442a090_rtrmadp_3_safrica-politics_0-627x354.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"627\" \/>\n\t<meta property=\"og:image:height\" content=\"354\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ndeye Magatte Kebe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ndeye Magatte Kebe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/\"},\"author\":{\"name\":\"Ndeye Magatte Kebe\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/55de6f6c153173c36b1543ff83ebe25e\"},\"headline\":\"South Africa: cleaning up public enterprises\",\"datePublished\":\"2018-05-26T14:42:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/\"},\"wordCount\":144,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/2018-02-16t185159z_1648151940_rc1d8442a090_rtrmadp_3_safrica-politics_0-627x354.jpg\",\"keywords\":[\"South Africa\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/\",\"name\":\"South Africa: cleaning up public enterprises - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/26\\\/south-africa-cleaning-up-public-enterprises\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/2018-02-16t185159z_1648151940_rc1d8442a090_rtrmadp_3_safrica-politics_0-627x354.jpg\",\"datePublished\":\"2018-05-26T14:42:32+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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