Sunday Independent

state-owned enterprises Collapse of SOEs an outcome of ANC’s political, economic policy failures

“Things fall apart; the centre cannot hold” might best describe what is happening to the ANC government and the state-owned enterprises (SOEs) it runs.

Eskom has thrown the country into a dark hole of rolling power cuts that disrupt all aspects of everyday life. Since 2013, the Passenger Rail Agency of South Africa (Prasa), forced an estimated 80% of train users – 550 000 people – to abandon rail and turn to more expensive modes of public transport.

In 2021, the government relinquished its controlling stake in SAA, its flag carrier airline, after many years of financial losses that culminated in

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