South Africa's most successful companies vs Eskom and SAA

Jamie McKane

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South Africa's most successful companies vs Eskom and SAA

South Africa's state-owned companies are in bad shape, with Eskom facing years of load-shedding to keep the national grid alive and SAA embroiled in a painful business rescue process.

The state-owned airline was recently forced to cut a large number of flight routes to international and domestic locations in an effort to reduce costs.
 

Corelli

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And yet nor Bill Gates or Steve Jobs had any degree, let alone many other successful CEOs. The problem here is.

Too many hands in the cookie jar. Where the big successful companies got rid of all of those. Also if ure a state entity you must do contracts with companies thats really not upto the task.

Eskom's worst mistake? No one has experience in project management.
 

Unreal

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bokka1

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Would be interesting to see this over the last 20 years.
It just shows you that one needs a longterm vision with a strong leadership with expertise in the field.

I am afraid that it is too late for both companies, especially SAA.
 

jambai

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And the irony is that when it suits them they want eskom and saa to be classified as private sector ( like bonus time ) and public sector when it comes to delivering and accountability and bail outs
 

grok

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****ing communists, how do they even work?
 

We Love Bass

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You really don't need much qualifications to run a company successfully,just brains and no one in government has any.
 

The_Ogre

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Well Harvard proves ****ing pointless....
Not only universities per se. I saw a video the other day that makes a very good case for why schools are being superseded by the internet. We all have access to the exact same information and once a child develops a passion, he can get specialised information about his field of interest from the moment he can read and grasp the subject matter; versus in school where you have to learn how to determine the circumference of the sun, which most of us have no interest in - not even the teacher in most cases.
 

envo

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I thought this article would compare apples with apples. SAA vs Kulula vs SA Express. Eskom vs ...uhm.... Another power producer somewhere in the 3rd world that isn't failing.

le sigh
 

binarycape

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Like others above here, looking at the tertiary qualifications does not give one the whole picture. Degrees merely show you can work in a structured learning environment. And also, there are levels of degrees too. In order to be successful in a commercial environment you need to be able to - yes, project manage - but also have 'real' business experience and knowledge, plus an aptitude for all that, and be looking to really earn your salary and perks by keeping the company at the top. Most of the African [sorry] people put in place in all these government institutions have not had any of that. They were/are ANC placements, BEEE, cadre, not proven candidates at all, did not have to go through the whole recruitment process that most private sector people go through. And further, not interested in the work they were placed to do. There was/is no real incentive to perform. Why would there be when one could/can get huge salaries, perks, medical aid, annual raises, etc, whether one performs/ed or not and mostly could not be fired? And even if one was required to vacate the position, one got an obscene golden handshake to get you out so some other cadre. BEEE bozo could be inserted in there? And on top of that, given there has been a lot of dumbing down of degrees since before 94, with low passmarks being the order of the day, does that make those degrees a tad useless for the most part? MBAs and Harvard might be considered better, of course. Most of the ANC & BEEE placements have been status placements, not business ones. If you don't perform out there in the 'real' world, you know you will be gone in a flash and will lose your credibility going forward and looking for another good job. Not so when it comes to the government BEEE etc placements.
 
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