Ramaphosa Suggests Singapore-Style Management Structure for Ailing SOEs

LOCAL NEWS

• Ramaphosa says SA will benefit from emulating the shareholder management structure to manage SOEs and achieve universality in financial management – similar to that seen in China and Singapore.
  • Says an entity will be established to manage the affairs of all other SOEs, operating much like an investment company, and free from political interference. – Fin24
• Ramaphosa has given public protector Mkhwebane ten days to explain why he should not remove her from her position. Earlier this week, Ramaphosa was informed in writing about the continuation of a parliamentary process considering the impeachment process for the public protector.
  • A spokesperson for Mkhwebane said that she is not averse to being held to account and only seeks to ensure that the work of the office of the public protector is not unduly and unlawfully disrupted. - EWN
• ICASA says yesterday’s R14.4bn spectrum auction exceeded estimates, but warns that the High Court can still overturn the results. Vodacom & MTN were the biggest bidders at the auction at over R5bn a piece.
  • Telkom’s legal challenge in April remaons a key hurdle, however, with the company still going ahesd with the case – 702 CapeTalk