Social Transformation chairperson Lindiwe Sisulu said State Owned Enterprises were no in a crisis, however the upcoming National General Council will focus on stabilising problematic state-owned enterprises (SOEs).
Professor of Economics at North West University Business School, Raymond Parsons spoke to John Robbie this morning about the state of parastatals.
We know there are big changes happening in the economy however we need to concentrate on the issues over which we have control to reduce our vulnerability. The role of the parastatals and their lack of performance is a very important for SA from the point of view of growth, our competitiveness and trying to serve the consumer.— Raymond Parsons, Professor of Economics at North West University Business School
If we want to restore confidence in the parastatal, we need to change the culture and take some very tough decisions.— Raymond Parsons, Professor of Economics at North West University Business School
Listen to the full conversation below: