- Title
- The Socio-Economic Impact of Poor Governance on South African State-Owned Entities Since the Democratic Dispensation: A Case of Eskom, Transnet and South African Airways
- Creator
- Bungane, Ntsikelelo
- Subject
- Economics—Sociological aspects
- Subject
- corporate governance
- Subject
- Government business enterprises—South Africa
- Date Issued
- 2022-12
- Date
- 2022-12
- Type
- Master's theses
- Type
- Thesis
- Identifier
- http://hdl.handle.net/10948/60255
- Identifier
- vital:64144
- Description
- Good corporate governance is one of the fundamental principles that enhance the efficiency and sustainability of any entity. It enables an entity to create value for its various stakeholders. This study focuses on the socio-economic impact of poor corporate governance of South African state-owned entities, particularly Eskom, Transnet and South African Airways since the democratic dispensation. The study examines the root cause of poor corporate governance and provides recommendations to address the root cause. Eskom, Transnet and South African Airways, like many other state-owned entities have a significant role in the country’s socio-economic development and yet in recent years they have made news for wrong reasons. There have been numerous reports of poor corporate governance which resulted in the establishment of a Commission of Enquiry into state capture. Two of the three parts of the report of the Commission suggest that poor corporate governance is prevalent in these entities. Some of the root causes that were evident are excessive political interference, ineffective leadership and conflicting governance legislation. This has come at a huge cost to the socio-economic objectives of the government. The future existence of these entities is under treat. There have been notable instances of retrenchments that came at a time when the rate of unemployment is at a record high. Productivity has slowed down, with prolonged periods of unstable power supply being one of the contributing factors. This has suppressed economic growth. These entities have also cost the fiscus billions of rands in government bailouts, funds which could have been used for other important social or capital investment programmes. Some of the suggestions that have been brought forward to curb the culture of poor corporate governance include legislative reform that will provide certainty in terms of governance and provide clear distinctions between the roles of political heads and administrators in the form of board members, COEs and executives. For the recommendations to be effective there needs to be commitment to ethical leadership on the part of political leaders.
- Description
- Thesis (MBA) -- Faculty of Business and Economic Sciences, Business School, 2022
- Format
- computer
- Format
- online resource
- Format
- Format
- 1 online resource (ix, 297 pages)
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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NMU Business School
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Bungane,N Dec 2022.pdf | 2 MB | Adobe Acrobat PDF | View Details Download |