Brown says she couldn't perform oversight on SOEs as minister | The Citizen

Former public enterprise minister Lynne Brown has vowed to clear her name after she was implicated by witnesses who appeared at the Zondo commission. Picture: Gallo Images

on Friday after chair Deputy Chief Justice Raymond Zondo raised a point that performance of oversight on state-owned enterprises seemed to be poorly executed. “What I think what we must do for SOEs is that they must be taken outside of government and I’m not saying they must be privatised. Remember there are 720 SOEs in this country and those we don’t see and doesn’t affect our lives….we don’t know they exist.“So some of them must be closed down or merged. There are a lot of culturally organisations…..they can be merged into one or a few others. Then we decide what are the strategic ones that we want to help grow the economy,” she said.

“In my time I couldn’t get rid of corruption and the people before my time couldn’t get rid of corruption. I think the answer at the end of it has nothing to do with the companies because it is to do with the model. Personally I couldn’t do oversight as an executive authority,” she said.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Project Phoenix' was proposed to Zuma to capture SOEs, Zondo hears | The CitizenIt was heard that Bain had made the proposal for Project Phoenix directly to Zuma in order to exclude government ministers.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

SOEs play a key role despite being failed by politics | The CitizenAccording to 2019 statistics, 25 of the largest SOEs accounted for a fifth of South Africa’s capital stock.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Some SOEs worth keeping out of private hands, says economist | The CitizenDespite pushing for controlled privatisation, economist Thabi Leoka has cautioned against wholesale disposal of state-owned entities, numbering more than 720. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her johnteddy63 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Numsa approaches ConCourt in bid save struggling SOEs | The CitizenUnion files papers to compel parliament to hold public hearings on whether Denel and SA Express should be permitted to be liquidated by a court.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

SOEs must operate outside government, some must close shop: Lynne BrownThere are simply too many state-owned enterprises in SA - 720, former public enterprises minister Lynne Brown told the Zondo commission of inquiry into state capture on Friday. The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of Kellybrian_ I've been earning $ 23k weekly I've never regretted this decision. 🙏🏻🙏🏻
Source: SowetanLIVE - 🏆 13. / 63 Read more »