Tag: public sector

Nicholas Woode-Smith | Contributing Author  | Free Market Foundation | mail me| Parastatals, state-owned enterprises, and government interference in the economy all contribute to the...

“While spending on government consumption has been held down over the last ten years, demand for public services has increased substantially. Meanwhile, as public employment in health, education and criminal justice has stagnated, employment by private companies providing the same services has surged.

The private sector in South Africa is seen as an evil that must be heavily restricted if not expressly prohibited. For a country wherein government service delivery is poor to say the least, one would expect that private enterprise, which keeps us safe through the various security firms and healthy through the various hospitals, would be celebrated.

After three years of public hearings and with a price tag of over a billion Rand, Justice R.M.M. Zondo, the Acting Chief Justice of the Republic of South Africa, handed the third part of a three-part report on state capture and corruption during the presidency of Jacob Zuma, to President Cyril Ramaphosa.

Too many powerful and well-remunerated people in our public sector are letting South Africans down by continually failing to achieve the strategic objectives of the entities they manage. Officials in the public sector must employ clean governance principles across every aspect of their operations.

After three years of public hearings and with a price tag of over a billion Rand, Justice R.M.M. Zondo, the Acting Chief Justice of the Republic of South Africa, handed the second part of a three-part report on state capture and corruption during the presidency of Jacob Zuma, to President Cyril Ramaphosa.

After three years of public hearings and with a price tag of over a billion Rand, Justice R.M.M. Zondo, the Acting Chief Justice of the Republic of South Africa, handed the first part of a three-part report on state capture and corruption during the presidency of Jacob Zuma, to President Cyril Ramaphosa.

The Minister of Finance tabled a surprizing – yet resoundingly positive – budget on 24 February 2021.

Both private and public sector corruption, whether moral or criminal, is a result of perverted incentives. These incentives are in turn a result of a political philosophy that regards it as at best appropriate, and at worst imperative, that policy (and political) considerations play a central role in commercial and economic decision-making. South Africa would do better to shift its focus to enterprise and away from politics.

The recent ransomware attack suffered by the City of Johannesburg sounds a clarion call for boards to revisit their technology governance strategies and take a more holistic view of technology and the risk it poses.