WORLDVIEW: Forget politicians, SA corporate management is terrible

Some say things would be better handled by the private sector because businesses are run more efficiently. Evidence from SA says that's not always true.
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There is a trope – especially among free-market enthusiasts – that things would be better handled by the private sector because private businesses are run better and more efficiently than their public sector peers. True believers will cite Eskom and SAA as proof of this.

But on the flip side, those who are wary of the private sector have plenty of fodder for their cannons too. The last few years have given us corporate failure after corporate failure, from Steinhoff to EOH to Tongaat, providing plenty of evidence of the fallibility and moral turpitude of SA's executive class. Turns out the nation's managers are just as bad as its politicians, private sector efficiency notwithstanding.

While South African politicians have rightly come in for criticism for their involvement in corruption and their mismanagement of resources, the private sector has somehow managed to hold on to an increasingly undeserved reputation for competence. This must change if we're to fix the problem.

___STEADY_PAYWALL___

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