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‘SOEs must be led by execs committed to improving SA’s economy’

Deputy President Cyril Ramaphosa says ANC leaders have a task of building a strong and a stable party, which is focused on improving the lives of all South Africans.

FILE: Deputy President Cyril Ramaphosa. Picture: Reinart Toerien/EWN.

JOHANNESBURG - Deputy President Cyril Ramaphosa says state-owned entities (SOEs) must be led by executives who are committed to improving the country’s economy.

Ramaphosa is on Friday morning addressing delegates at the African National Congress (ANC) elective conference in the Northern Cape.

He says ANC leaders have a task of building a strong and a stable party, which is focused on improving the lives of all South Africans.

“What’s been happening at our state-owned enterprises must come to an end. We want them to be properly governed.”

Meanwhile, on Friday morning the Eskom board confirmed that former CEO Brian Molefe will return to the power utility following a dispute about his pension payout.

Questions were raised about a R30 million payout after Molefe resigned as CEO last year.

Molefe resigned last year after the Public Protector’s State of Capture report, which linked him to the controversial Gupta family.

He was subsequently appointed as a Member of Parliament but has since stepped down from that position.

Molefe is expected back at Eskom on Monday.

(Edited by Zamangwane Shange)