SOEs Archives - United Democratic Movement

UDM rejects Government’s attempts to tap into PIC funds to bail out failing SOEs

The allegations that the Ministry of Finance is trying to access Public Investment Corporation (PIC) funds to bail out failing State Owned Enterprises (SOEs) confirm the United Democratic Movement's (UDM's) long-held suspicion that the mafia styled ruling elite would, once cash-strapped, extend its grubby hands to workers' pensions entrusted to them for safekeeping. The true intention of these transactions is not to bail out struggling SOEs, but rather to ensure that there is enough state [...]

UDM input at the National Convention South African democracy at a crossroad: turning a new page

INTRODUCTION The debate about political realignment has long been in the minds of many people in this country. It has been discussed publicly and privately by writers, political parties, and other individuals. Also over the years we have seen developments such as the emergence of the DA, the dissolution of the NNP and its absorption into the ANC, as well as the formation of new political parties. All of these are signs of the impetus [...]