SOEs must ‘cut costs, ramp up productivity to save credit rating’

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SOEs must ‘cut costs, ramp up productivity to save credit rating’
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'SOEs, just like small businesses, must embrace change and technology to increase productivity and efficiency,' said Osidon chief executive Hennie Ferreira.

‘SOEs, just like small businesses, must embrace change and technology to increase productivity and efficiency,’ said Osidon chief executive Hennie Ferreira.

He cited the example of Eskom which this week hired new CEO Andre de Ruyter from the private sector, which Ferreira said looked promising. “We need to position SA as a favourable investment destination by cutting red tape and deregulating the business environment.

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