HOT TOPICS
ARTICLES RELATING TO BAILOUT

SAA has only itself to blame for investors' loss of confidence - DA

2017-08-25 14:40

Alleged claims by Finance Minister Malusi Gigaba that the DA’s revelations about an SAA bailout have tanked negotiations are grossly misleading, says the party.

Govt urged to sell loss-making SAA

2017-08-25 10:56

Government should get out of the commercial airline space and sell the loss-making South African Airways, says the Cape Chamber of Commerce and Industry.

SAA misled Parliament about liquidity problems - DA

2017-07-25 14:34

It seems SAA did not play open cards with Parliament about the full extent of its financial crisis, judging from a reply to a parliamentary question by Finance Minister Malusi Gigaba.

Mystery of Eskom's money

2017-07-18 07:50

The clock is ticking for scandal-infested Eskom as it readies to release its financial results amid confusion around the state firm’s true financial solvency.

Eurozone approves €8.5bn Greek bailout

2017-07-07 18:09

The eurozone approved the latest €8.5bn bailout disbursement to Greece on Friday, just in time for Athens to meet major debt repayments and avert default.

ABSA files papers against Public Protector, Ramos warns of downgrades

2017-06-30 13:10

ABSA has filed an urgent application in support of the SA Reserve Bank's application, which sought to review and set aside the Public Protector’s remedial action.

Bid to revive report on apartheid looting a political ploy - Gordhan

2017-01-30 09:37

Finance Minister Pravin Gordhan has labelled a court application by Black Land First to resurrect a report on alleged apartheid era looting as a political ploy, says a report.

Absa should pay back R10bn, says Manyi

2017-01-22 11:09

Progressive Professionals Forum head Mzwanele Manyi says the PPF's estimates are that Absa needs to pay back R10bn and they hope the full list of those implicated will be brought to book.

SAA's R5bn guarantee comes with significant risk - DA

2016-09-11 11:34

By granting SAA a guarantee, National Treasury wouldn't be able to hold the airline board accountable if it doesn't fulfil particular conditions, says the DA.

Greece to get €6bn bridge loans if no agreement at Eurogroup

2015-08-14 09:15

Greece could get €6.04bn in bridge financing if eurozone finance ministers cannot agree on the planned third bailout for Athens when they meet again.

 

Gigaba lashes out against ‘hysteria’ over SAA bailout

2017-08-25 14:35

Finance Minister Malusi Gigaba has spoken out against the hysteria that has been created around the options government is considering to recapitalise SAA.

Recapitalising SAA offers only 'temporary' relief - Gigaba memo

2017-08-24 15:37

Recapitalising SAA will only temporarily solve the airline’s low cash reserves, says Finance Minister Malusi Gigaba.

Brown holds Eskom bailout cards close to her chest

2017-07-19 06:00

Public Enterprises Minister Lynne Brown is keeping her Eskom cards close to her chest ahead of the state utility's financial results announcement.

Could SAA’s bailout be R4.6bn?

2017-07-09 06:00

National Treasury’s bailout of SAA could actually have amounted to R4.6bn, rather than R2.3 bn, if the government guarantee had not been reduced by R2.3bn.

SAA, Gigaba must explain 'fraudulent' R1bn contract to subsidary

2017-07-03 15:40

The DA is demanding answers from SAA and Finance Minister Malusi Gigaba about what it terms an apparently fraudulent contract of R1bn to the airline's subsidiary SA Airways Technical.

SAA will continue to lease aircraft, says board

2017-03-20 14:20

The SAA board says the national carrier will continue to lease aircraft in the foreseeable future as it is “simply not in a position” to buy them.

More time for Zuma to weigh in on Absa bailout

2017-01-27 13:38

President Jacob Zuma has been granted an extension to comment on the public protector’s provisional report investigating Bankorp’s bailout by the Reserve Bank.

Absa's Ramos: We have no reason not to trust the public protector

2017-01-20 15:39

Absa CEO Maria Ramos said that although it is unfortunate the public protector’s preliminary report was leaked, the bank still respects the institution.

Greece sticks to bailout targets in draft budget

2015-10-06 16:30

Greece has stuck strictly to the targets enshrined in its international bailout programme in unveiling a draft budget which sees the economy shrinking in 2016.

Video
HEADLINES: Durban refugee camp closure, Eskom funding & Greece economy

In today's news headlines: the last refugee camp in Durban closes, Government sells its stake in Vodacom to fund Eskom and Greece's bailout plan expires.

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