Moving SOEs from Public Enterprises will fast-track their demise
Many private companies die because of ego that can’t let go of unsound strategies in a changing world – also the problem in government when it comes to SOEs. The difference is that in the private sector, shareholders stop throwing good money after bad, whereas the government has an endless supply of taxpayers’ cash to bail their failed businesses out. The ruling party’s plan to move SOEs out of the DPE and into their respective functional departments, requires far more strategic thinking and input from industry experts and others, specifically as to their purpose and functions to the State and society – including how it works with the private sector.