SOEs in state of collapse

Deputy President David Mabuza has warned state owned enterprises are in a state of collapse, saying they are behind the country’s economic woes.

Mabuza has conceded that government has made mistakes in some instances in the deployment of leaders into government.

These state owned enterprises are in a state of collapse

Addressing the SACP 4th special congress, Mabuza apologised for the rolling power blackouts that have seen Eskom resorting to stage 6 loadshedding.


“These state owned enterprises are in a state of collapse,” he said.

Mabuza also defended the appointment of Andre de Ruyter as Eskom CEO.

“The decision to deploy De Ruyter is a decision we took collectively. We still believe our programme of building a non-racial and non-sexist society should proceed. We accept that there are shortcomings in the manner we are deploying cadres,” he said.

“We want to commit ourselves to correct this (shortcomings in the appointment of leaders into government,” he added.

But Cosatu came out swinging against Eskom management, saying they have failed and must go.

Cosatu general secretary Bheki Ntshalintshali, speaking also at the congress, said Eskom was not for sale.

He said they lost hope in the Public Enterprise department when Jabu Mabuza was appointed as both board chairperson and CEO.

“What else should they do to realise they have failed? They have failed, maybe it is time for them to go”.

By George Matlala

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