Billionaire mining tycoon Patrice Motsepe has outlined critical intervention that, in his view, will swiftly transform ailing state-owned enterprises like Transnet and Eskom back into world-class companies. | News24_Business
Billionaire mining tycoon Patrice Motsepe has outlined critical intervention that, in his view, will swiftly transform ailing state-owned enterprises like Transnet and Eskom back into world-class companies.
"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," Motsepe said on Monday, speaking in his capacity as chair of diversified mining company African Rainbow Minerals.Get 14 days free to read all our investigative and in-depth journalism.
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