SA is in trouble. State-owned enterprises , which have the responsibility to ensure that crucial services are provided to enable the critical functioning of the economy, are failing. One doesn’t have to look far to see the dire effect of load-shedding, ineffective rail infrastructure, or the numerous incidents of public looting and mismanagement at SOEs responsible for financial investment and development.
The King IV Report on Corporate Governance for SA indicates that corporate governance is the exercise of ethical and effective leadership towards the achievement of an ethical culture and sustained good performance. While the cultivation of an ethical culture is a tall order, some organisations seem to be grasping the concept better than others.
A total of nine SOEs, 13 public-sector organisations, and 19 private-sector organisations were surveyed. Data was gathered from mid-2016 to January 2020. Organisations were stratified to ensure that ethically affected organisations were included in all organisational samples. The data was also statistically evaluated for outliers and the mean scores for each sector were then calculated and compared.
SOEs need to change the way they operate and meet their mandates in an ethical manner to remain relevant and execute the critical supporting role they play
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