Gordhan tells of government’s R500-billion guarantees worry

Gordhan has warned that state-owned enterprises (SOE) must be managed properly as mistakes in these companies could result in billions of rands to be paid in guarantees to which government has already committed. Speaking at a business breakfast hosted by technology firm EOH and 702‚ Gordhan said the current global economic climate required government‚ business‚ civil society and labour to do things differently in order to fight unemployment and inequality.