Employing ‘the best people with the best skills and expertise’, paying them well, and showing nil tolerance of corruption, could turn Transnet and Eskom into world-class companies, according to billionaire mining tycoon Patrice Motsepe.
According to News24, the chair of African Rainbow Minerals says these three things are the ‘clear steps’ to a turnaround at the two deeply troubled state-owned enterprises.
Motsepe was speaking at the release of African Rainbow Minerals’ interim results on Monday.
News24 quoted him as saying: ‘Step number one: employ the best people with the best skills and expertise, [that is] non-negotiable. Step number two: pay them well. Pay them as close as [what] they would get in the private sector… developing countries, including South Africa, should attract some of the best skills and expertise.
‘And the last thing is absolute zero tolerance of corruption… don’t [just] talk about it. We should be seen to be taking the right steps that reflect zero tolerance of corruption.’
Motsepe added: ‘And if we do that over the short to medium term, both Transnet and Eskom should be globally competitive.’
[Image: World Economic Forum, https://commons.wikimedia.org/w/index.php?curid=15937552]