Tag: Simo Lushaba
Defending cadre deployment will keep governance of SOEs at risk
As long as government’s cadre deployment policy is defended, governance of South Africa’s state-owned entities (SOEs) will remain vulnerable and at risk. This is a reaction to the testimony of President Cyril Ramaphosa before the Zondo Commission of Inquiry into State Capture, who acknowledged that 'massive system failures' with board appointments paved the way for SOE failures. At the same time, the President defended cadre deployment.
Eskom testimony at Zondo Commission points to key issues for directors
Testimony at the Zondo Commission relating to the prepayment of R1.68 billion to Tegeta, a company owned by the Gupta family, provoked strong words from Deputy Chief Justice Raymond Zondo. The whole incident illustrates how seriously directors should approach their duties. Justice Zondo suggested that the directors were negligent at best.
Assessing a director – a CV is only the tip of...
State capture, defined as 'seeking to influence the formation of laws in order to protect and promote influential private interests', and its resultant Zondo...
