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Assessing and promoting civil and minority rights in South Africa.

[Source: BusinessTech by Ryan Brothwell.]

Parliament’s Portfolio Committee on Public Enterprises has expressed concern about the performance of South Africa state-owned enterprises (SOEs) as the companies continue to haemorrhage money.

The committee said that it was particularly concerned to hear that all SOEs under the umbrella of the Department of Public Enterprises are loss-making – with the exception of the South African Forestry Companies Limited (Safcol).

Speaking to BusinessTech, Committee chairperson Khaya Magaxa said that there are currently seven major SOEs that fall directly under the Department of Public Enterprises.

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South Africa at a Glance
58 780 000 (mid 2019 estimate)
4.1% y/y in March 2020 (CPI) & +4.5 y/y in February 2020 (PPI)
-1.4% q/q (4th quarter of 2019)
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