Isaac Mashaba
3 minute read
29 Sep 2021
6:45 am

The scandalous ‘sale’ of SOEs plagued by corruption, inept leadership and theft

Isaac Mashaba

Apparently, these “for sale” state-owned enterprises (SOEs) are unprofitable, and costing too much money to maintain.

There is an old saying that says “if the shoe fits, wear it”. Even if it gives you blisters. Behind the scenes, government is becoming more brazen as allegations and rumours surface that state assets are quietly being readied for sale. Apparently, these “for sale” state-owned enterprises (SOEs) are unprofitable, and costing too much money to maintain. Taxes were increased to refinance the bankrupted SOEs, but now suddenly they are to be sold off. Who would want to buy bankrupted and failed SOEs? The US, the UK, India, Russia, China, France, Germany … or are the buyers closer to home?...