SOEs: No more bonuses for failure

18 August 2019 - 00:16 By CAIPHUS KGOSANA

Executives of nonperforming state-owned enterprises (SOEs) that rely on government bailouts for survival are set to lose out on bonuses and the hefty pay increases they have received in the past.

A policy directive approved by the cabinet stipulates that all future incentive schemes be based on income statements rather than balance sheets...

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