Dear Tito Mboweni, it’s going to take some truly creative thinking to meet the targeted R150bn in savings, while getting our state-owned enterprises in good shape, reducing our staggering unemployment numbers, and keeping the lights on, writes Lee Naik
Many people are calling it the most important budget in 20 years.
The state of the nation address made it clear that, for the foreseeable future, South Africa will have to live with load shedding as we build the capacity we need to power the country. Instead of pre-set schedules that plunge whole suburbs into darkness, imagine having enough control that you only need to switch off the lights for a few minutes at a time.Another solution is to use of smart energy management systems in high-consumption industries like mining and manufacturing.
There’s no sugar-coating it – SAA, Eskom, Prasa and others are sinking ships right now, leaking money at a rapid pace.It’s no secret that good governance and accountability are two of the biggest success factors when it comes to SOEs. Digital tools can be used to sniff out everything from dodgy contracts to financial irregularities, making it a lot easier to root out the corruption and graft that have been eating away at our SOEs from within.It’s not just SOEs that can thrive under a culture of open data. Countries that have embraced open data policies are seeing big returns when it comes to business growth.
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