Business Lead South Africa

CEOs tell Ramaphosa of serious challenges plaguing govt companies

PRETORIA, June 6 – Chief executive officers of state-owned companies (SOCs) on Wednesday detailed a number of concerns about the legal and regulatory environment within which SOCs operate, which are often ill-suited to the specific needs of entities and constrain innovation, the Presidency said. President Cyril Ramaphosa met with chief executives of over 20 key state-owned […]

Business In The News South Africa

Denel executives welcome new board

CAPE TOWN, April 10 – Executives at Denel, South Africa’s state-owned arms manufacturer, on Tuesday welcomed the appointment of new board members and pledged support to help steer the cash-strapped organisation in a new direction.   Public Enterprises Minister Pravin Gordhan announced the new board on Monday and tasked them with improving corporate governance and […]

Business In The News South Africa

Gordhan charges Denel interim board to review major contracts, restore sound governance

PRETORIA, April 10 – Public Enterprises Minister Pravin Gordhan on Monday said the new board put in charge of struggling State-owned company (SOC) Denel has been mandated to restore sound corporate governance, review the effectiveness of the management team, among other priorities as government moved in to turn around the fortunes of the entity. “The immediate priorities for […]