Ramaphosa strategises with state-owned enterprise executives

President Cyril Ramaphosa met with executives of more than 20 state-owned enterprises (SOEs) on Wednesday to discuss how they could contribute to the revitalisation of the economy and social development.

The president has noted that a number of SOEs are under severe financial strain and facing operational challenges which could have a significant impact on South Africa.

Executives have requested that the mandates for state-owned companies be better defined and that government be more supportive of their achievements.

Ramaphosa was appreciative that executives raised their concerns and said that their suggestions will assist in ensuring that SOEs perform to their full capacity and inline with their mandates.

The result of the meeting will form part of a programme with will assist management to with better understanding and planning for economic growth.

The meeting comes after concerns were raised by the African National Congress on the crisis at Eskom and South African Airways following the resignation of the CEOs at both entities.