Zuma seeks Clarity on Role of SOEs
Business Day’s Karima Brown reports that Jacob Zuma recently stated that “a team drawn from outside the Cabinet would help to determine the future of SA’s state- owned enterprises… [in order to] provide an objective review”
An objective review of state owned “enterprises” is a welcome move and should be applauded by all SA’s citizens who pay for the running of these companies. Curiously however despite the calls for an objective evaluation:
“His decision was informed by a resolution of the ANC’s 2007 Polokwane conference, and those who would conduct the review would be drawn from within the country”
“The work done by Hogan and the Treasury in the inter-ministerial team would be “incorporated” into the outside team’s work”.
Clearly there will be some objectivity in the report but it will not be entirely objective which all sounds rather subjective? If it is shown that a perennial loss-maker such as SAA should be disposed of, will the objective review rely on the objective results or on subjective views.
Source: Karima Brown Zuma seeks new blood to fix state enterprises Business Day, 16 March, 2010-03-18
For text: http://www.businessday.co.za/articles/Content.aspx?id=103668
FMF Policy Bulletin/ 16 March 2010
FMF Policy Bulletin
Publish date: 26 March 2010
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.