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Home Latest News

Tony Yengeni Criticizes MPs for Failing to Protect State-Owned Assets Amid Privatization Concerns

December 25, 2024
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Tony Yengeni Criticizes MPs for Failing to Protect State-Owned Assets Amid Privatization Concerns
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ANC veteran Tony Yengeni has voiced sharp criticism of Members of Parliament (MPs) elected in May 2024, accusing them of standing idle as state-owned assets face potential privatization. Yengeni’s concerns were raised in a social media post where he shared an article titled “Embracing Privatization of the Rail Industry in South Africa: Transnet’s Partnership Statement.”

In his post, Yengeni questioned the role of MPs, writing, “Where are the MPs we voted for in May? Why do they allow all this to happen unchecked? Why?” The tweet sparked widespread debate about the accountability of public representatives in protecting national resources.

South Africa’s Government of National Unity (GNU), formed after no single party secured a majority in the May 2024 general elections, includes ministers and officials from various political parties. While intended to foster collaboration, the GNU has faced criticism for perceived indecision and a lack of leadership on critical national issues.

Yengeni’s comments were directed at Transnet, the state-owned freight and logistics company, which recently issued a partnership statement endorsing private sector involvement in the rail industry. For Yengeni, this move signals a step toward privatization, potentially undermining public ownership and access to essential infrastructure.

The veteran politician expressed fears that privatization could lead to the erosion of public assets and deepen economic inequality. His critique has reignited questions about the role of MPs in safeguarding public interests and managing state resources.

Yengeni’s remarks highlight growing frustration among certain groups regarding the GNU’s handling of state-owned entities. As debates continue, his statements serve as a reminder of the contentious balance between public and private interests in South Africa’s economic landscape.

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