Cash-strapped state needs private sector to save SOEs, says Ramaphosa

Ramaphosa clarifies ‘privatisation’ stance as collapsed SAA deal exposes ideological rift

17 March 2024 - 00:05 By SABELO SKITI, THANDUXOLO JIKA and KGOTHATSO MADISA

The government remains committed to finding private sector equity partners to turn around ailing state-owned enterprises, says President Cyril Ramaphosa, warning that “the fiscus is no longer able to continuously bail out struggling SOEs”...

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