South Africa’s seven worst-performing state-owned enterprises

Some SOEs are reporting billions in losses while running operations that are much smaller than Eskom. Image: Pixabay

These losses surpassed R5 billion per annum since 2017, and totalled over R34 billion from 2017 to 2022. Additionally, SAA’s cash flow from operations was negative by nearly R6 billion, indicating that only a small portion of thePrasa’s overall reported loss since 2017 surpasses R21 billion, with mamangement admitting that Prasa is failing to run passenger trains properly.

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