Gordhan: State capture has caused massive damage to SOEs, economy

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Gordhan: State capture has caused massive damage to SOEs, economy
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CAPE TOWN - Public Enterprises Minister Pravin Gordhan says state capture has caused massive damage to the country's state-owned enterprises and its economy.

CAPE TOWN - Public Enterprises Minister Pravin Gordhan says state capture has caused massive damage to the country's state-owned enterprises and its economy.

Gordhan was addressing a Progressive Professionals Forum in Vredenburg in the Western Cape on Monday.Gordhan said those who were proven to have played an active role in state capture should be punished. The minister is the political head of the country’s key state-owned enterprises like Eskom and Transnet, which have come under the spotlight at the Zondo Commission of Inquiry.

“We await the day when those who were responsible for the huge damage that has been caused to these entities to find themselves in court firstly, and secondly, in prison. That’s what the people of South Africa expect.”“SOEs also in some instances have been neglecting, as do municipalities, to maintain the infrastructure that they have.”

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