Free Trial

Ramaphosa Suggests Singapore-Style Management Structure for Ailing SOEs



  • 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
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.