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Zuma echoes support for struggling SOEs

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President Jacob Zuma has reiterated government’s commitment to supporting struggling state-owned enterprises such as Eskom, the SAA and the SABC.

He was speaking at the launch of the InvestSA One Stop Shop in Durban.

Zuma has emphasised that these SOEs need to be turned around and become self-sustainable.

“Some institutions that have also been draining government resources such as some SOE’s are required to achieve a turn around. Some key milestones included the recapitalisation of SAA and the appointment of its new Board and permanent CEO. Other SOEs are also being supported, work is at an advanced stage to find leadership for Eskom, there is a new Board at the SABC which is tasked with ensuring the financial viability of the public broadcaster,” says Zuma.

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