The original article can be found here.
Article highlights:
- South Africa’s government should halt bailouts for state entities and review its ownership of more than 700 companies.
- The current model for state firms “is dying”, the African National Congress, which is due to hold its national policy conference later this year, said.
- The call for an overhaul in the government’s approach comes after it sank billions of dollars into utilities such as power producer Eskom and the national airline with little return.
