South Africa to Prioritize Jobs Over Profit, Business Day Says
By Carli Lourens -
2011-01-27T09:55:57Z
South Africa’s government wants state-owned enterprises to prioritize jobs over profit, Business Day said, citing Malusi Gigaba, the Minister of Public Enterprises.
While job creation may at times conflict with commercial mandates, profit shouldn’t be pursued at the expense of “the bigger national interest,” he said, according to the Johannesburg-based newspaper.
To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net.
To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net.
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