South Africa's Ramaphosa vows 'drastic' steps to save state companies

JOHANNESBURG (Reuters) - South Africa's president said on Monday he would take "drastic" steps if needed to prevent foundering state-owned companies from failing, as the government appointed an independent adviser to manage the country's passenger rail firm. Cash-strapped and heavily indebted, state companies including South African Airways (SAA), power utility Eskom, defence firm Denel and Passenger Rail Agency South Africa (Prasa) have become a major headache for President Cyril Ramaphosa as..