On June 28, local time, South African President Ramaphosa stated in an open letter to the South African people that in the eyes of the people, most South African state-owned enterprises are involved in corruption, corruption, mismanagement, and inefficiency. The government is doing Gradually rectify and reform, but public ownership cannot be replaced.
Ramaphosa said that although most state-owned enterprises need to rely on government bailouts, these state-owned enterprises have been working hard to perform their duties. South Africa’s attitude towards key industries (such as energy, ports, etc.) is that public ownership must be implemented. Only in this way can the basic needs of all South Africans, especially the poor, be met. Only state-owned enterprises can pursue public interests, not purely commercial interests. In the future, the South African government will rectify and reform all state-owned enterprises, eradicate corruption, improve poor management and inefficiency, and enable state-owned enterprises to play their due role in promoting economic growth and job creation in South Africa.
Ramaphosa stated that it will first reorganize the South African National Electricity Company into three state-owned entities for power generation, transmission and distribution. Clean energy. However, the restructuring of all state-owned enterprises will not be exactly the same, and will be analyzed in detail. (Headquarters reporter Zhou Tao)
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