VC calls for introduction of meritocratic approach to appointment of executives, board members in SOEs – The Mail & Guardian

A continued downward trajectory is the only possible forecast for South Africa’s state-owned enterprises (SOEs) if political appointments in SOEs continue to take precedence over expertise.
This is according to Prof Bismark Tyobeka, principal and vice-chancellor of the North-West University (NWU). Prof Tyobeka says this is not only an inescapable truth, but a gross dereliction of duty by those in key positions, which serves to hamper economic growth to the detriment of the country’s struggling citizens.
“The breakdown of corporate governance in our state-owned…