It's been a long, hard and expensive slog, but next week former president Jacob Zuma will finally get what he's always wanted: his day in court.
Irregular expenditure among the entities under the Department of Public Enterprises went from R31.4bn in the 2017/18 financial year to R86.2bn in the 2018/19 financial year.
Carmen le Grange's appointment comes 10 days after the cash-strapped state arms manufacturer was granted a R1.8 billion lifeline.
The North Gauteng High Court in Pretoria ruled on Tuesday morning that state-owned arms utility Denel must urgently pay over unemployment insurance and tax deductions from staff members' salaries.
If the powers of the CRO appointed to SOEs could be any closer to those of a business rescue practitioner they would have a fighting chance to make decisions that may be felt within the SOEs, writes Matodzi Ratshimbilani.
Denel group CEO Danie du Toit says Minister of Finance Tito Mboweni's commitment to recapitalising Denel is a welcome development.
Union Solidarity has threatened legal action against state-owned arms company Denel, after news that it would be unable to pay staff in July.
Public Enterprises Minister Pravin Gordhan says that a lender has come to the assistance of state-owned arms manufacturer Denel, and full salaries will be paid to all its employees.
The finance minister says a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances.
The state capture inquiry continues with testimony from former group CEO of Denel, Riaz Saloojee.
Public enterprises deputy director general Kgathatso Tlhakudi has told the Zondo commission of inquiry that a Denel board chaired by Daniel Mantsha drove the arms company's performance to the brink.
Denel's bad reputation had a "draining impact" on its financial position, as the arms manufacturer recorded a net loss of R1.5bn, said CEO Danie du Toit.
The state arms manufacturer says the bailout will aid its turnaround plan.
Ahead of Solidarity's urgent court application over taxes owed to SARS on behalf of employees, set to be heard on Tuesday morning, Denel told Fin24 the arms utility intended to honour its contractual obligations to workers.
Union Solidarity announced on Monday evening that it would serve arms utility Denel with court papers on Wednesday and announce further legal action thereafter - this after the company's ability to pay salaries for July was hanging in the balance.
Finance Minister Tito Mboweni says once the 2019 Appropriations Bill is passed, government will be in a position to make allocations to support state-owned enterprises like the SABC, Denel and SAA.
Denel wants the SA government to give it a R2.8bn financial boost, says a spokesperson for the state-owned arms manufacturer.
Employees at the state-owned arms manufacturer will only receive 85% of their salaries for June.
Former Denel group CEO Riaz Saloojee has told the judicial commission of inquiry into state capture that he was shocked when Tony Gupta allegedly attempted to offer him money.
The judicial commission of inquiry into allegations of state capture is expected to continue to hear testimony related to state-owned defence group Denel.
The judicial commission of inquiry into state capture continues with testimony from deputy DG of Public Enterprises, Kgathatso Tlhakudi, related to Denel.
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