South Africa’s government blew R331 billion on SOE bailouts - Why SA finds itself in a constant state of SOE Bailouts
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GUEST – Dr Bheki Mfeka - Economic Advisor and Strategist at SE Advisory
[Dr Mfeka is also a former economic adviser to the Presidency]
The South African government has spent R331 billion on bailouts for state-owned enterprises since 2013/2014, of which Eskom accounted for 55%. This data was revealed in a presentation to the Standing Committee on Public Accounts on state-owned company (SOC) bailouts and government guarantees.
[Dr Mfeka is also a former economic adviser to the Presidency]
The South African government has spent R331 billion on bailouts for state-owned enterprises since 2013/2014, of which Eskom accounted for 55%. This data was revealed in a presentation to the Standing Committee on Public Accounts on state-owned company (SOC) bailouts and government guarantees.
