Reviewing State-Owned Entities’ Governance Landscape in South Africa

Modimowabarwa Hendrick Kanyane, Kombi Sausi

Abstract


The current state-owned entities’ governance landscape ranges from fragmented accountability frameworks to convoluted array of parent entities, subsidiaries and sub-subsidiaries. The article reviews the state-owned entities’ governance landscape to unravel underlying inconsistencies and contradictions and thereby provides a compelling argument for opting to create an overarching state-owned entities’ governance and seamless legislative framework. As the proposed overarching option is not an absolute resolve, the study tests whether the option could assist in arriving at a liberating praxis that would straddle though fulfilling corporate and developmental aspirations of the state. The study perused research reports and literature review applying qualitative methods.


Keywords


State-owned entities, shareholders, governance, corporate governance, political interference and development

Full Text:

PDF

References


REFERENCES

Balkaran, C. 2008. ‘Incentivising a state owned and run utility to improve performance -possible tools for use by a regulator’. Organisation of

Caribbean Regulators (OOCUR). 6th Annual Conference, Belize.

Bronstein, V. and Olivier, M. 2011. An Evaluation of the Regulatory Framework Governing State-owned Enterprises in the Republic of South Africa, Research paper.

Castro, A.B. 2007. State-Owned Enterprises as Indirect Instruments of Entry Regulation, vol. 92 (3) 263-74.

Centre for Corporate Governance in Africa.2012.Rating Corporate Governance of State-Owned Enterprises: Moving towards improved performance, University of Stellenbosch Business School.

Chabane, C. 2010. Statement by the Minister Collins Chabane on the T.O.R and Review Framework and Methodology of the Presidential Review Committee, Cape Town, 2010.

Fikelepi, U.N. 2010. Guiding principles on building sustainable SOEs in South Africa. Unpublished dissertation for the degree of Masters of Business Administration, Gordon Institute of Business Science (GIBS), University of Pretoria.

Hilb, M. (2004): Integrierte Corporate Governance, Springer, New York.

Kanyane, M.H. 2013. Landscape of the True Extent of State-owned Entities. Available at http://www.hsrc.ac.za/en/review/hsrc-review-july-2013/landscape-of-the-true-extent-of-state-ownedentities#sthash.WVyBArKm.thrCfiJ2.dpuf [Accessed 22 September 2014].

Kanyane, MH. Exploring and developing a culture of good governance in Olivier M & Kuhnle S (2008) Norms and Institutional Design: Social security in Norway and South Africa Sun Press, Stellenbosch. 95-109

Kanyane, MH.2010.Service delivery in question in Kondlo K and Maserumule MH, 2010, The Zuma Administration: Critical Challenges. HSRC Press, Cape Town.

Klapper F. L. and Love, I. 2002. Corporate governance, investor protection and performance in emerging markets. Policy Research Working Paper Number 2818. The World Bank.

Laking, R (2002) Distributed Public Governance: Principles for Control and Accountability of Agencies, Authorities and other Government Bodies; Distributed Public Governance: Agencies, Authorities and other Government Bodies, OECD

Mugisha, S, Berg, S.V and Muhairwe, W.T. 2006. Using Internal Incentives’ Contracts to Improve Water Utility Performance: The Case of Uganda’s NWSC.

Organisation of Economic Co-operation and Development’s (OECD). Available at http://en.wikipedia.org/wiki/Organisation_for_Economic_Co-operation_ and_ Develop-ment [Accessed 19 September 2014].

Petronas. Available at http://en.wikipedia.org/wiki/Petronas [Accessed 19 September 2014].

Presidential Review Committee Report on SOEs. 2012. Executive Summary of the Final Report, vol. 1. Available at http://www.thepresidency.gov.za/ pebble. asp?t=121 [Accessed 19 September 2014].

Ristovska, M. (2013) Institutions’ capacity for governance and its impact on the growth perspectives in republic of Macedonia, Turkey, http://ces.epoka.edu.al /icme /17.pdf [Accessed on 23 July 2013]).

Rondinelli, D.A. 2007. Can Public Enterprises Contribute to Development? A Critical Assessment and Alternatives for Management Improvement. New York: United Nations.

SOEs Policy Dialogue Report. 2012. ‘Policy dialogue on issues of SOEs’ legislation, regulation and governance frameworks’. HSRC Report on State-owned Entities Policy Dialogues to the Royal Netherlands Embassy on behalf of the Presidential Review Committee (PRC) Vol. 5.Available on: http://www.thepresidency.gov.za/ pebble.asp?t=121 [Accessed 19 September 2014].

South Africa (Republic). 1996. Constitution of the Republic of South Africa, Act 108 of 1996. Pretoria: Government Printer.

South Africa (Republic). 1999. Public Finance Management Act (PFMA), 29 of 1999. Pretoria: Government Printer.

South Africa (Republic). 2003. Municipal Finance Management Act (MFMA) 56 of 2003. Pretoria: Government Printer.

South Africa (Republic). 2008. Companies Act 71 of 2008. Pretoria: Government Printer.

Verdeyen, V and Van Buggenhout, B (2003) Social Governance: Corporate governance in institutions of social security, welfare and healthcare, International Social Security Review, Vol.56 (2) 45-64

Wong, S. 2004 Improving Corporate Governance in SOEs: An Integrated Approach, Corporate Governance International, Vol.6 (2) 5-15.

Wong, S.C.Y. 2009. Government ownership: Why this time it should work. The McKinsey Quarterly (1-3).




DOI: https://doi.org/10.15249/9-1-81

Refbacks

  • There are currently no refbacks.



ISSN 0976-3600 (on-line) ; ISSN 1817-7417 (print)


Powered by OJS and hosted by Stellenbosch University Library and Information Service since 2014.


Disclaimer:

This journal is hosted by the SU LIS on request of the journal owner/editor. The SU LIS takes no responsibility for the content published within this journal, and disclaim all liability arising out of the use of or inability to use the information contained herein. We assume no responsibility, and shall not be liable for any breaches of agreement with other publishers/hosts.

SUNJournals Help