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RSS FeedsNo privatisation, says Cyril Ramaphosa
(World News South Africa)

 
 

26 june 2019 23:26:50

 
No privatisation, says Cyril Ramaphosa
(World News South Africa)
 


As embattled state-owned enterprises (SOEs) are on the verge of financial collapse, requiring significant bailouts from the state, President Cyril Ramaphosa has emphatically ruled out privatising any of them. Many observers have called for the privatisation of some SOEs to reduce the financial burden on the state and resolve efficiencies. Finance minister Tito Mboweni previously suggested that SAA, the loss making state-owned airline, should be closed down as it is `unlikely that you are going to find any private sector equity partner who will come join this asset`. In his reply to the state of the nation address debate on Wednesday, Ramaphosa said: `We disagree with the view...


 
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