Amanda Watson
News Editor
2 minute read
21 Feb 2020
6:24 am

One year since Ramaphosa’s first Sona, and SOEs are still in a sorry state

Amanda Watson

Last year, Ramaphosa stated firmly he was 'committed to building an ethical state', but experts say the data shows little sign of soaring debt slowing its upward trajectory.

Cyril Ramaphosa looks on during his inauguration as South African President, at Loftus Versfeld stadium in Pretoria, on May 25, 2019. (Photo by Yeshiel PANCHIA / POOL / AFP)

In his reply to the State of the Nation (Sona) address debate yesterday, President Cyril Ramaphosa said government had “appointed qualified and capable people” to head some state-owned enterprises (SOEs). However, it’s a song that has been sung before and despite the promises, SOEs are still in serious trouble, according to a report by the Centre for Development and Enterprise (CDE). In 2017, President Jacob Zuma announced, in his reply to the Sona debate, that the department of small business development would “work with state-owned companies and enterprises as well as government departments, to ensure [small, medium and micro enterprises]...