South Africa's state owned enterprises debt as total non financial corporations debt the highest in the world
Category: Financial markets and economics
Date: 1 June 2023
Date: 1 June 2023
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South Africa's state owned enterprises debt as percentage of total non financial corporations debt the highest in the world.
This just shows government has no business in running businesses. They should rather focus on setting policies for businesses to flourish and not try and run any businesses. |
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Stick to go government and leave running a business to business people
If there is one thing we would like the government and by association the ruling party, the ANC to get into their heads is to leave running businesses to business people, and rather focus on setting policies and programs in place for businesses to flourish.
The image below shows state owned enterprises (SOE) debt as percentage of total non financial corporations debt. And South Africa wins, albeit this is the one race we dont want to be winning. Leading the stakes in this is bad, not good.
The image below shows state owned enterprises (SOE) debt as percentage of total non financial corporations debt. And South Africa wins, albeit this is the one race we dont want to be winning. Leading the stakes in this is bad, not good.
The South African SOE's is a sad story. The bulk of the South African SOE's have monopoly in the market they operate in and they still cant make any money or survive without continued goverment bailouts. ust think about the number of SOE's that government has screwed up in the last 25 years.
A few of the more well known SOE's that the government has screwed up include the following:
A few of the more well known SOE's that the government has screwed up include the following:
- ESKOM
- Transnet
- PRASA
- Denel
- South African Airways