The SANPC was formed following the merger of the Central Energy Fund (CEF) subsidiaries, iGas, PetroSA and the Strategic Fuel Fund.
Eskom, Transnet, the SA Post Office, PRASA, SAA, Denel – names that haven’t exactly covered themselves in glory. Will we be adding another soon?
We all knew Eskom was in trouble, but it looks like things won’t be getting much better any time soon.
Now that the election is behind us, it’s time to check in on South Africa’s state-owned companies. Spoiler alert – it’s not pretty.
As SAA and Eskom continue to haemorrhage money, the disparities between privately-owned and state-owned enterprises become more and more apparent.