SIGA’s ‘massive turnaround’ claim not borne out by data – Bright Simons

8 billion profit and examine what actually drove the reported improvement—and whether those gains can be attributed to better management and operational performance by the state-owned enterprises.” Mr Simons said while SIGA had highlighted increases in revenue and profit before interest and tax, the focus should instead be on the operating performance of individual state-owned enterprises.

Vice President of IMANI Africa, Bright Simons, has challenged the State Interests and Governance Authority’s (SIGA) portrayal of the financial performance of state-owned enterprises (SOEs), arguing that the data do not support its claim of a “massive” turnaround.