With revenue less than projected, soaring debt-interest costs and an under-performing economy, Finance Minister Enoch Godongwana said that government planned to reign in its exorbitant spending bill.
The draft bill would see the doing away of the Department of Public Enterprises, the creation of a new state-owned holding company to manage SOEs and would also make the State the sole shareholder of the company.
The conduct of BLSA, whose members represent some of South Africa’s biggest and most-well known businesses, was on Tuesday called into question before the Standing Committee on Public Accounts (Scopa).
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