Gearing South Africa for Growth
Restructuring SOEs for improved governance and performance – The experience of Singapore
The “Developmental State” concept pursued in South Africa was intended to drive growth and development through state-owned enterprises. This model has had limited success due to poor management and governance practices with many SOEs holding back growth and prosperity rather than facilitating it. It is imperative that the state-owned component of the economy be reformed, essential for the recovery of the South African and other regional economies. What then needs to be done to ensure that South Africa’s SOEs are restructured and revitalised to drive meaningful, sustainable and inclusive economic growth?