Mboweni questions need to hold onto state assets | Fin24
Mboweni, a former central bank governor who took office in October, has repeatedly questioned the logic of holding onto loss-making state companies, raising the ire of the labour union allies of the ruling ANC that oppose privatisation. Plans to restructure state power company Eskom are already being opposed by unions.
The finance minister also said that a new commissioner of the SA Revenue Service will be appointed next week and a new board for the Public Investment Corporation, which manages the pensions of South African state workers, will be constituted within two weeks. Both institutions have been embroiled in scandals.
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