How governance failures messed up South Africa’s rail agency

The Passenger Rail Agency of South Africa is going through serious turbulence that’s symptomatic of broad corporate governance failures within the country’s state owned enterprises. Its acting CEO was recently fired by the board, following allegations that he raised his remuneration by more than 350%. Shortly afterwards the minister of transport dissolved the board. The Conversation Africa’s Business and Economy Editor Sibonelo Radebe asked Owen Skae to explain the causes.
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In Full: SA Finance Minister Pravin Gordhan’s 2017 Budget Speech

Read the 2017 budget speech on BizNews.com:

South African National Budget Speech 2017 delivered by Pravin Gordhan, Minister of Finance, 22 February 2017

South Africa’s 2017 budget: tough economic times require tough decisions

South Africa’s 2017/18 budget will have to be bold to pull the country out of the prevailing economic crisis. Economic growth has stalled and the threat of a credit rating downgrade still looms large. The Conversation Africa’s business and economy editor Sibonelo Radebe asked Jannie Rossouw to tease out critical issues that must be addressed in the upcoming budget.

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Author:
Jannie Rossouw

Head of School of Economic & Business Sciences, University of the Witwatersrand 

The Conversation 6 February 2017