Gigaba says SAA's Myeni's contract is legal

2017-09-22 10:53

Finance Minister Malusi Gigaba has told Parliament’s standing committee on finance that South African Airways chairperson Dudu Myeni’s extended contract is legal.

An end to impunity at SAA

2017-09-17 06:00

Dudu Myeni says the flailing national airline is seen by the public as an ‘alcoholic’.

Myeni’s successor up to Cabinet – Ramaphosa

2017-09-13 18:27

It is up to Cabinet to decide who will be the new chairperson of the South African Airways board, says Deputy President Cyril Ramaphosa.

Business leaders brace for more rating downgrades

2017-09-01 10:38

South African business leaders are preparing for more credit-rating reductions as mismanagement hobbles state companies and after bad decisions by President Jacob Zuma.

Denel cuts ties with Gupta-linked VR Laser

2017-08-25 15:07

Denel’s decision to cut ties with VR Laser sends a message of the commitment by state owned enterprises to good governance, says Finance Minister Malusi Gigaba.

Vodacom man new CEO at SAA

2017-08-03 15:48

Vuyani Jarana has been appointed as SAA’s first permanent chief executive officer since November 2015.

McKinsey searches years of documents in Eskom probe

2017-07-27 19:58

McKinsey & Co is reviewing hundreds of thousands of documents related to Eskom as part of a probe that includes any interactions with Trillian Capital Partners.

Lynne Brown questions Eskom's truthfulness

2017-07-18 12:03

Public Enterprises Minister Lynne Brown says she has reason to question the veracity of some of the answers she's been given by Eskom's board and management.

Partial privatisation of SOEs on the cards

2017-07-14 06:00

Finance Minister Malusi Gigaba has announced that partial privatisation of state-owned enterprises is on the agenda to revive the economy.

Futuregrowth ends 'capital strike' against Sanral

2017-07-05 16:14

Futuregrowth Asset Management may start lending again to the SA National Roads Agency after a ban which lasted almost a year.


PIC pressured as workers threaten to pull funds

2017-09-21 16:53

Africa’s biggest fund manager may be dumped by a labour federation representing 230 000 state workers because it’s concerned that member funds may be used to bail out mismanaged state-owned firms.

SA needs to save itself from sickly SOEs

2017-09-15 14:30

Government is said to be considering selling its stake in Telkom, in order to save the troubled SAA. This has brought back debates about what is the right thing to do around the country’s state owned enterprises, says Seán Muller.

SA must sober up to save itself from sickly state-owned enterprises

2017-09-12 07:20

There is no good case for bailing out South African Airways, it's simply a matter of avoiding a potentially catastrophic debt default, explains Seán Mfundza Muller.

Gigaba and CEOs air concerns over state-owned enterprises

2017-08-25 19:04

Finance Minister Malusi Gigaba raised his concerns over the governance at SOEs during the first working session with the steering committee of the CEO Initiative.

Were Eskom cleaning contracts rigged?

2017-08-06 07:42

Contracts worth millions of rands awarded by power utility Eskom in KwaZulu-Natal have been questioned by insiders and losing bidders.

Gigaba likely to announce R15bn bailout for SAA

2017-08-03 14:18

Finance Minister Malusi Gigaba will in all likelihood announce a R15bn bailout to SAA when the national carrier reports back to Parliament on its performance this week.

Gigaba could target R14bn Telkom stake for massive SAA bailout

2017-07-21 11:09

Finance Minister Malusi Gigaba has revealed the need to sell state assets in a bid to inject nearly R16bn into SAA so it can repay loans.

Economic action plan a rehash of past policies - EFF

2017-07-14 19:31

The Economic Freedom Fighters says government's plan to revive the economy promotes neoliberalism and it is no different to former finance minister Pravin Gordhan's plans.

Eskom banks heavily on China, inks R20bn loan deal

2017-07-06 15:27

Despite a number of scandals, Eskom says international roadshows indicate that there is still a significant appetite from international investors for its bonds.

SAA said to favour Vodacom exec as CEO

2017-06-28 18:34

SAA has identified Vodacom Group executive Vuyani Jarana as the leading candidate to become its first permanent CEO since November 2015, according to sources.

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