In this week's edition we take a look at the Zuma effect, surprising ways the economy will change and deliver a sobering Covid-19 report card.
High level clouds. Warm.
Democratic Alliance Member of Parliament Alf Lees said on Friday that the emergency provision of R17.6bn to Eskom in terms of section 16 of the Public Finance Management Act was a clear indication of Eskom's dire financial situation.
The letter comes after Reserve Bank governor Lesetja Kganyago said the institution survived a time of great political pressure to control it.
The Standing Committee on Finance will not "wilt in its necessary oversight role" of SARS, says it's chairperson Yunus Carrim.
SARS is seeking a court order on whether bonuses of R3m awarded to members of the executive committee in August 2016 amount to irregular expenditure or not.
A legal opinion from a senior Parliamentary legal adviser has called into question Finance Minister Malusi Gigaba’s R3bn bailout for national carrier South African Airways.
The embattled SAA, which is draining the fiscus, must be placed into business rescue because it is a ticking time bomb, says DA deputy finance spokesperson Alf Lees.
"We’ve seen this movie before and we know how it ends – SAA continues to fail and will need more bailouts," says the DA.
Finance Minister Malusi Gigaba will engage with FNB CEO Jacques Celliers following his declaration that he will no longer fly with South African Airways.
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.
There is concern that the exclusion of the National Credit Regulator in the amended version of the Twin Peaks Bill will leave consumers vulnerable to unscrupulous lending practices.
The DA wants Finance Minister Tito Mboweni to name a new "credible" commissioner of the South African Revenue Service when he announces the National Budget on Wednesday.
DA MP Alf Lees has tabled a private member's bill to stop state-owned entities from racking up government guarantees unchallenged.
The SA Revenue Service has seen a flight of experienced professionals during the year, with the DA warning it could become a failed public entity.
The DA claims the SA Revenue Service allegedly failed to comply with legislation by unlawfully paying out R3m in bonuses to members of its executive committee.
The confirmation by the Companies and Intellectual Property Commission that SAA chair Dudu Myeni’s extended term was illegitimate means any board decisions taken since September 1 should be viewed as irregular, the DA has said.
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.
Finance Minister Malusi Gigaba is discussing the option of selling government’s 39.75% stake in Telkom with three Cabinet ministers, says his spokesperson Mayihlome Tshwete.
The DA has now received some of the SAA investigation reports it had been calling for for the last eight months.
Deputy Finance Minister Sfiso Buthelezi has 5 days to release several forensic reports believed to contain damning details of gross mismanagement at SAA.
The latest report of corruption at SAA comes as Parliament’s oversight of the state-owned airline battles to gain sight of a variety of investigative reports.
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