Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

southafricalogoFin24 reports that President Cyril Ramaphosa recently met with chief executives of 20 state-owned companies to discuss the challenges plaguing state-owned enterprises.  

According to a statement issued by the Presidency on Wednesday, several public enterprises were struggling with "inadequate capitalisation," "poor governance" and "political interference".  Among the entities present at the meeting were Eskom and SAA.  The CEOs at both have recently resigned.  Other public enterprises at the meeting included PetroSA, the Central Energy Fund and the Passenger Rail Agency of SA.  Several public enterprises, apart from falling victim to allegations of state capture, have also been plagued with disciplinary action relating to top jobs, too few permanent CEOs and millions in fruitless expenditure.  This detailed report goes on to indicate the state of play at 10 of SA's key enterprises.

  • Read the full original of Lameez Omarjee’s report in the above regard at Fin24

Get other news reports at the SA Labour News home page