Below is a link to the article from Futuregrowth Asset Management on governance issues at South African State Owned Enterprises (SOE).
From the Futuregrowth website…
“… This followed a creeping sense of governance degradation at various SOEs, culminating in clear signs of possible corruption, and evident conflict within the government itself. While seen as controversial at the time, it has subsequently become evident that good governance of SOEs is critical.”
-download the document here or read more on the Futuregrowth website.