The President took charge of the crisis, showed the authoritarians in Cabinet that he's still the boss, writes Adriaan Basson.
Showers early. More sun than clouds. Cool.
'Every decision the PIC takes is based on the merits of each investment proposal,' says the state-run asset manager.
The bailouts exclude the R17.31 billion in debt guarantees the state extended to SAA.
Eskom's Chief Restructuring Office has begun its work, and the power utility has started implementing key recommendations of the technical review team to ensure power stations remain operational.
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.
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.
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.
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
The Public Servants Association wants the Government Employee Pension Fund to provide answers for the R5bn bailout for Eskom.
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.
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.
The union says it it is not in the interests of workers to fund bankrupt entities.
As active citizens we need to say enough is enough and simply all stop buying tickets from SAA.
Finance Minister Tito Mboweni has warned that additional funding of R59bn allocated to debt-ridden power utility Eskom will come at a 'significant' cost to the fiscus.
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.
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.
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.
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 finding an equity partner for South African Airways for the time being, strategy consultant Thabang Motsohi has told Parliament.
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.
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.
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