https://www.fin24.com/Economy/sas-public-entities-on-the-road-to-profitability-says-gordhan-20190711Minister of Public Enterprises Pravin Gordhan highlighted the importance of restoring state-owned entities to a state of profitability ahead of his budget vote address on Thursday.
As part of his briefing, he highlighted the present state of some of SA's key entities.
Eskom, Eskom, Eskom
Gordhan said key appointments at the power utility and the process by which a chief reorganisation officer will be appointed will all be determined soon.
"We have started work on the paper for Eskom and a draft should be ready for government to study soon," said Gordhan.
Transnet board is getting to work
Gordhan said the current board of Transnet was addressing challenges which prompted staff at the entity to embark on a go-slow this week.
"Transnet has started the process of hiring a CEO, a COO and CIO. The go slow is a regrettable development because it affects production and jobs. We expect the board to apply their minds," said Gordhan.