{"id":67983,"date":"2024-06-06T13:32:40","date_gmt":"2024-06-06T13:32:40","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa"},"modified":"2024-06-06T15:04:35","modified_gmt":"2024-06-06T15:04:35","slug":"why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa","title":{"rendered":"Why a coalition could be good for state-owned companies in South Africa"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The new era of possible coalition politics could actually be good for South Africa\u2019s state-owned enterprises (SOEs), because it could usher in a culture that prioritises consequence management.<\/p>\n

This is seen to be crucial to maintain and build on progress made in public-private partnerships (PPP), however this all ultimately depends on the final coalition partners.<\/p>\n

This is the view presented by Yugen Pillay, the Head of Public Sector Assurance at accounting firm group BDO South Africa.<\/p>\n

\u201cThe fundamental root cause of [SOEs being brought to their knees] is mismanagement and a lack of accountability of those entities,\u201d Pillay told Newzroom Afrika.<\/p>\n

Pillay noted that in the past, policies and decisions crucial to SOEs were able to easily pass through along party lines, without much oversight.<\/p>\n

This, along a prevalent tendency to overlook wrongdoing or harmful policy decisions if they originated from within the party, were among some of the key issues hurting SOEs as a result of one-party dominance.<\/p>\n

Having a diverse array of organisations with their names and reputations tied to these SOEs could bring bring in far more effective consequence management, argues Pillay.<\/p>\n

Additionally, SOE policies will need to be decided by more of \u2018give-and-take,\u2019 to make its way through.<\/p>\n

\u201cWhen we\u2019ve got a coalition government in place, there\u2019s [definitely] going to be more oversight,\u201d and hopefully less government interference in everyday SOE operations, said Pillay.<\/p>\n

But… this improvement depends on the coalition partners<\/p>\n

Having said this, Pillay said that much of this is dependent on who the ultimate coalition partner\/s is\/are.<\/p>\n

Among political parties, there are fundamental ideological differences in how they view SOEs should be run.<\/p>\n

Policy positions from key coalition discussion players range from completely reversing all PPPs to completely nationalise SOEs, to promoting SOE growth through public-private partnerships.<\/p>\n

Pillay hopes that the former does not happen and that the private sector is not left out in the cold.<\/p>\n

He said that PPPs minimise the detrimental interference of appointees who are unable to efficiently and ethically handle operational issues within SOEs, which ultimately hollows (and hollowed) them out.<\/p>\n

He argues that if these pro-nationalisation parties are indeed the preferred partners, they should compromise with this given some of the successes PPPs have had, and rather take a more active role in oversight.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The new era of possible coalition politics could actually be good for South Africa\u2019s state-owned enterprises (SOEs), because it could usher in a culture that prioritises consequence management. This is seen to be crucial to maintain and build on progress made in public-private partnerships (PPP), however this all ultimately depends on the […]<\/p>\n","protected":false},"author":84,"featured_media":67981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,275],"class_list":["post-67983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nWhy a coalition could be good for state-owned companies in South Africa - South Africa<\/title>\n<meta name=\"description\" content=\"The new era of possible coalition politics could actually be good for South Africa\u2019s state-owned enterprises (SOEs), bec ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why a coalition could be good for state-owned companies in South Africa\" \/>\n<meta property=\"og:description\" content=\"The new era of possible coalition politics could actually be good for South Africa\u2019s state-owned enterprises (SOEs), bec ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-06T13:32:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-06T15:04:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/06\/sm_1717673416.947591.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Why a coalition could be good for state-owned companies in South Africa\",\"datePublished\":\"2024-06-06T13:32:40+00:00\",\"dateModified\":\"2024-06-06T15:04:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa\"},\"wordCount\":406,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/06\/sm_1717673416.947591.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/why-a-coalition-could-be-good-for-state-owned-companies-in-south-africa\",\"name\":\"Why a coalition could be good for state-owned companies in South Africa - 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