'We need to work hard to get SOEs to be sustainable'

Managing Director at Banking Association of South Africa Cas Coovadia says they had a meeting with the Minister of Public Enterprise Pravin Gordhan and the Minister of Finance Nhlanhla Nene to discuss governance issues in SOEs and some of the management changes.

Significant harm has been caused in the last few years. We need to work harder as communities to get these SOEs in a sustainable position.

Cas Coovadia, Managing Director at Banking Association of South Africa 

As that is done, SOEs will need liquidity, will need to see how they are restructured for sustainability.

Cas Coovadia, Managing Director at Banking Association of South Africa 

This initiative is to see how in this industry we can begin to put in place mechanisms that will enable banks individually to actually continue with lending.

Cas Coovadia, Managing Director at Banking Association of South Africa 

Listen to what else the meeting addressed...


Recommended

by NEWSROOM AI
Read More
'Mathematics syllabus is enormous to be covered within a year,' says expert

'Mathematics syllabus is enormous to be covered within a year,' says expert

Wits University mathematics lecturer Dr Jacques du Plessis says teachers are racing against time in the classroom.

Home Affairs gazettes new tougher laws for refugees and and asylum seekers

Home Affairs gazettes new tougher laws for refugees and and asylum seekers

Minister Aaron Motsoaledi says those who commit fraud face expulsion for destroying the sovereignty of the country.

Former Reserve Bank deputy governor Daniel Mminele appointed Absa CEO

Former Reserve Bank deputy governor Daniel Mminele appointed Absa CEO

Absa head of corporate communications Songezo Zibi says Mminele has pedigree both in terms of policy and commercial banking.

'Eskom cannot afford salary increases'

'Eskom cannot afford salary increases'

Deputy editor at the Financial Mail Sikhonathi Mantshantsha gives insight on the state of SOE.

Denel's interim board to give an update on liquidation in 7 days

Denel's interim board to give an update on liquidation in 7 days

Newly appointed Denel interim board chair talks about the plans in place to rescue the ailing SOE.

Lobby group welcomes Ramaphosa's plan to remove SOE boards from tender processes

Lobby group welcomes Ramaphosa's plan to remove SOE boards from tender processes

On Friday, President Cyril Ramaphosa announced that non-executive directors of SOEs will be removed from any role in procurement.

Popular articles
Student climate activist challenges Dept of Environmental Affairs

Student climate activist challenges Dept of Environmental Affairs

Raeesah Noor-Mahomed has joined schoolkids around the world by embarking on a Friday school boycott over climate inaction.

Meet the inspirational creative duo behind 'Tonic Design'

Meet the inspirational creative duo behind 'Tonic Design'

Greg Gamble and Philippe van der Merwe join Refiloe Mpakanyane in studio.

Fitness was a career that chose me - 'Queen Fitnass'

Fitness was a career that chose me - 'Queen Fitnass'

Mapule Ndhlovu opens up about her life journey and how exercise changed not only her body, but her mindset for the better.

EFF issues one-line apology to journos after court order

EFF issues one-line apology to journos after court order

Anton Harber and Thandeka Gqubule won their defamation case over Mbuyiseni Ndlozi's party statement implying links to Stratcom.

Ugandan climate activist accuses media of racism after Davos photo crop

Ugandan climate activist accuses media of racism after Davos photo crop

WEF youth climate delegate Vanessa Nakate was cropped out of a group pic with her white peers, also featuring Greta Thunberg.

Letting go of your child who's headed for university and independence

Letting go of your child who's headed for university and independence

Nikki Bush has valuable tips on preparing not only your school-leaver but yourself for the journey into adulthood ahead.

Right to Sight pleads for more donations to conduct cataract surgeries

Right to Sight pleads for more donations to conduct cataract surgeries

Right to Sight trustee Dr Matt Young says they get donations at the most time but now need big sponsors.

Remains of Cato Manor 9 returned on anniversary of their hanging

Remains of Cato Manor 9 returned on anniversary of their hanging

The Cato Manor 9 were hanged in 1961 by the apartheid after taking part in an uprising on 24 January 1960.

Zakes Bantwini opens up about his latest single 'Amanga'

Zakes Bantwini opens up about his latest single 'Amanga'

The musician says he never writes songs about his personal life but this latest single is too personal for him.

Unisa extends registration deadline in the wake of union protests

Unisa extends registration deadline in the wake of union protests

Unisa acting director of communications Lusani Netshitomboni says they encourage students to register online.