ARTICLES RELATING TO BAILOUT

SABC says retrenchments not cancelled, process still on hold

2019-01-21 15:53

The cash-strapped public broadcaster issued the statement in light of what it says are incorrect reports that its board had taken a decision to suspend the retrenchment process.

Communications minister draws the line over SABC retrenchments

2018-12-03 20:04

Newly appointed Communications Minister Stella Ndabeni-Abrahams has drawn a line in the sand over proposed retrenchments at the SABC, according to a letter apparently leaked from her office.

Argentina gets $57 billion as IMF doubles down on record bailout

2018-09-27 06:30

The International Monetary Fund doubled down on Argentina, expanding a record-breaking bailout for a country that has slid into recession as it struggles to stem a currency rout.

Argentina looks set to get a $50 billion bailout — the biggest loan in the IMF's history

2018-06-10 14:17

The IMF reached a staff-level agreement Thursday to offer Argentina, which requested aid last month when its currency hit an all-time low, a $50 billion loan as part of a three-year standby program. The credit line seeks to rein in soaring twin defic

GEPF must answer for Eskom's R5bn bailout - PSA

2018-02-10 07:00

The Public Servants Association wants the Government Employee Pension Fund to provide answers for the R5bn bailout for Eskom.

Gigaba was forced to change SAA board - economist

2017-10-23 10:41

South African Airways would not have had a new board if it wasn’t for the pressure lenders applied on the Finance Minister Malusi Gigaba, says economist Iraj Abedian.

ANC's Carrim hits back at claims of 'illegal' SAA bailout

2017-10-18 21:10

An opinion obtained from a senior Parliamentary legal adviser does not conclude that Finance Minister Malusi Gigaba’s R3bn bailout of South African Airways was definitely unlawful, the ANC's Yunus Carrim has argued.

Mkhwebane seeks delay in Bankorp review - report

2017-10-13 13:47

Public Protector Busisiwe Mkhwebane has requested that a review of the Bankorp-CIEX report be postponed.

Parliament to get legal opinion on legitimacy of SAA bailout

2017-10-03 17:24

Yunus Carrim, chairperson of Parliament's oversight committee on finance, has asked for a legal opinion on Treasury's R3bn bailout of SAA following a request by the DA.

Sell off 'alcoholic' SAA and fire Myeni, Maimane tells Gigaba

2017-09-28 17:28

As SAA's R1.8bn debt repayment deadlines nears, the DA called on SAA chair Dudu Myeni to immediately step down, and the Public Protector to investigate Myeni's role in the national carrier's "institutional decay"

 

Silence at the eye of SABC storm

2018-12-04 21:50

At the heart of the SABC’s troubles is an impasse with other government stakeholders over retrenchments the SABC planned to undergo, whether or not government affords them a government guarantee or bailout.

Here's why the IMF's Argentina bailout is making people nervous

2018-09-29 20:02

The International Monetary Fund this week announced plans to expand Argentina's bailout package reached in June, which was already the largest in its history. 

Parastatal bailouts will have us downgraded, DA warns

2018-08-12 15:00

The opposition is also looking to have Parliament’s Standing Committee on Finance with National Treasury to discuss sovereign liabilities and which parastatals asked for bailouts.

Pravin Gordhan promises strict conditions for SOE guarantees

2018-06-08 21:03

Public Enterprises Minister Pravin Gordhan has told Parliament his department will apply strict conditions when approving guarantees for the state-owned enterprises in its care.

Forget about equity partner for SAA - analyst

2017-11-17 15:32

Forget about finding an equity partner for South African Airways for the time being, strategy consultant Thabang Motsohi has told Parliament.

Ramaphosa on SAA: Wait for mini budget for more info

2017-10-19 22:00

Deputy President Cyril Ramaphosa has asked members of Parliament to be patient and wait for the medium term budget policy statement to hear how government plans to inject capital into South African Airways.

Gigaba urged to clarify how much money SAA will get

2017-10-13 15:22

Finance Minister Malusi Gigaba should urgently clarify the exact amount of equity he intends to inject into cash-strapped South African Airways, the Democratic Alliance says.

Local banks demand R5bn from SAA, unless Gigaba gives another bailout

2017-10-13 08:00

More creditors are breathing down SAA's neck - this time local banks which demand payment at the end of October, unless Finance Minister Gigaba gives the airline a bailout in his mini-budget.

SAA bailout hikes pressure on fiscus

2017-10-01 06:00

The airline is just one of many SOEs that need and will need cash from Treasury to shore up their finances.

SAA's R1.8bn Saturday debt deadline nears

2017-09-27 17:14

Cabinet is currently meeting to try and hash out where the state-owned airline will get the R1.8bn it needs to pay Citibank by Saturday.

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