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governance reformlatest news & developments
Due diligence: The Mpati Commission found that the PIC had not always adhered to sound policies, processes and frameworks. Photo: Screenshot
ASSET MANAGEMENT

Hunt on for PIC’s lost billions

Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

  • Brian Sokutu
  • Thabo Shole-Mashao
8 min read
The University of Fort Hare, pictured, and Mangosuthu University of Technology are among those grappling with governance strain.
EDUCATION

Universities must confront the shadow of institutional capture

South Africa’s universities face growing risks of “institutional capture”, with Universities South Africa warning of governance failures, political interference and rising…

  • Edwin Naidu
5 min read
Prasa, through the rolling stock recapitalisation programme, procured new rolling stock for its Metro Rail operations as part of its long-term modernisation strategy. (Delwyn Verasamy)
AUDIT IMPROVEMENT

Prasa achieves first unqualified audit in nine years with 93% performance rate

The state-owned passenger rail agency has a long-term goal of 600 million trips by 2035

  • Nkateko Joseph Mabasa
3 min read
Tito Mboweni during a news conference on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, January 24, 2020. (Gem Atkinson/Bloomberg via Getty Images)
AFRICAN GOVERNANCE

Africa mourns visionary leader Tito Mboweni, champion of integrity and governance reform

Throughout his career, Tito highlighted the importance of involving young people in governance structures alongside experienced leaders

  • Maxwell Gomera
4 min read
Residents protest over poor service delivery in South Africa. Photo: Fani Mahuntsi/Gallo Images
AUDITOR GENERAL REPORT

We need to arrest the drastic decline of our municipalities

The auditor general’s report makes it clear that something must be done to break the cycle of mismanagement

  • Darion Barclay
6 min read
Business leaders questioned the relevance of the National Economic Development and Labour Council at its 29th annual summit in Johannesburg on Friday.
ARTIFICIAL INTELLIGENCE

Business questions relevance of Nedlac

The council must review how it will remain relevant in an economy characterised by artificial intelligence, digitalisation and hybrid ways of working, business partners say

  • Anathi Madubela
3 min read