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- Title
Corporate Governance for Sustainable Development in South Africa's State-Owned Enterprises.
- Authors
Chigudu, Daniel
- Abstract
In South Africa, state-owned enterprises (SOEs) have a very significant role to play in the socio-economic development and for the realization of the sustainable development goals. While SOEs are essentially for assisting governments to realize economic growth in South Africa many of these entities are troubled with corruption and maladministration. These holdups are largely due to failures of corporate governance and excessive political interferences. Using a qualitative approach by employing a literature survey and content analysis, the study explores corporate governance issues for sustainable development in South Africa. It argues that SOEs deal with investment and business activities which are critical in the 2030 Agenda for sustainable development. Other states have already made inroads in this area by adopting plausible policies that influence SOEs in promoting sustainable development goals. All business entities, regardless of whether they are private or public have a significant role in achieving the goals provided that corporate governance is at the core of all the activities, hence South Africa should not be an exception. For this to be achieved, a compulsory oversight role into all SOEs should be executed by parliamentary committees composed of different political parties.
- Subjects
SOUTH Africa; SUSTAINABLE development; CORPORATE governance; GOVERNMENT business enterprises; ECONOMIC expansion; GOAL (Psychology)
- Publication
Bangladesh e-Journal of Sociology, 2020, Vol 17, Issue 2, p127
- ISSN
1819-8465
- Publication type
Article