Irregular expenditure at audited state-owned enterprises swells to over R27bn

2018-10-10 12:04

Irregular expenditure at audited state-owned enterprises increased five-fold to R27bn, according to the Auditor General’s report for the 2017/18 financial year.

Irregular expenditure by govt departments and state entities accumulate to R72.6bn - report

2018-10-07 12:12

Irregular expenditure by government departments and state entities have accumulated to R72.6bn, according to an analysis by the DA.

Siyabonga Gama may soon be out as Transnet head, say sources

2018-09-27 11:57

Siyabonga Gama will be removed as chief executive officer of Transnet, according to two people familiar with the situation.

Should SOE boards have greater autonomy?

2018-09-16 09:48

As we begin a new state-building exercise, SOEs should be central to our developmental and economic agenda writes Sizwe Mbhele.

Ramaphosa talks economy in Parliament - 5 key takeaways

2018-09-11 18:05

President Cyril Ramaphosa answered economic questions in the National Council of Provinces. Here are five key takeaways.

Claims that Gordhan is racist are 'rubbish', court hears

2018-09-10 15:53

Public Enterprises Minister Pravin Gordhan acted reasonably by firing ex-Transnet board member Seth Radebe, the North Gauteng High Court heard on Monday.

Tomorrow Pravin faces battle royal

2018-09-09 10:01

Pravin Gordhan faces a fierce fightback this week as Transnet chief executive Siyabonga Gama is set to know his fate tomorrow and a former board member fights for his reinstatement in court.

Gordhan: Fuel prices will rock SOEs

2018-09-03 14:01

Public Enterprises Minister Pravin Gordhan has said fuel price increases are significantly affecting operations and turnaround strategies at most state-owned enterprises.

#StateCaptureInquiry: 'We are in control of everything' - Jonas on what Gupta brother told him

2018-08-24 14:34

Former deputy finance minister Mcebisi Jonas has made startling revelations at the judicial commission of inquiry into state capture, saying one of the Guptas threatened to kill him.

Futuregrowth says it didn't tell Transnet to remove CEO Gama

2018-08-21 07:51

Futuregrowth Asset Management said it didn’t tell Transnet to remove CEO Siyabonga Gama after the state entity said auditors couldn’t give its 2018 financial results a clean bill of health.

 

Gordhan highlights beleaguered Bain's history of govt tenders

2018-10-08 21:41

Minister of Public Enterprises Pravin Gordhan says the Department of Public Enterprises and National Treasury awarded a tender of R12.1m to Bain for work to be done at state-owned airlines.

Transnet head Gama given notice of termination, board confirms

2018-09-27 19:04

The Transnet Board has confirmed Transnet group chief executive Siyabonga Gama was given notice of termination, with ten days to justify why he should not be axed.

Ex-Transnet board member fails to prove Gordhan was racist to dismiss him

2018-09-18 18:35

An application by former Transnet director Seth Radebe to set aside Minister of Public Enterprises Pravin Gordhan's decision to remove him, has failed.

Eskom, other SOEs still pose risk to SA - Moody's panel

2018-09-13 18:00

There have been changes at Eskom, Transnet and other SOEs, but not enough has been done to reduce the risk they pose to the economy, it emerged at ratings agency Moody's sub-Saharan Africa conference.

Ramaphosa to answer questions on China loans, land expropriation in Parliament

2018-09-11 06:45

The president will be asked to describe the terms of a R33.4bn Chinese state-owned bank loan to Eskom when he answers questions in the National Council of Provinces.

Guptas siphoned R100m-plus from China loan, evidence shows

2018-09-10 07:07

In July, President Cyril Ramaphosa announced that Eskom had secured a $2.5-billion loan from a Chinese state bank. The last time this bank lent money to one of our state-owned entities, the Guptas got rich.

Ex-Transnet board member takes on Gordhan over 'racism' as case heads to court

2018-09-07 16:11

Former Transnet board member Seth Radebe will on Monday head to court to challenge his dismissal by Public Enterprises Minister Pravin Gordhan, accusing him of racism.

Gama appeals to Gordhan

2018-09-02 06:01

Embattled Transnet CEO Siyabonga Gama has taken his fight with chairperson Popo Molefe to Public Enterprises Minister Pravin Gordhan, asking him to intervene in the standoff between the paratatals’s two most senior leaders.

MPs object to briefing by Transnet CEO Siyabonga Gama, who is facing suspension

2018-08-22 14:14

MPs were taken aback by the presence of the state freight and port company's CEO - who is facing suspension - at a committee briefing into forensic investigations and other matters.

Transnet posts huge jump in irregular expenditure to R8.1bn

2018-08-20 12:47

Transnet has reported an increase of irregular expenditure to R8.1bn, up from R692m in the previous financial year, triggering a qualified audit.

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