PIC says it has not yet been consulted about plan to slash Eskom's debt

2020-02-13 12:53

'Every decision the PIC takes is based on the merits of each investment proposal,' says the state-run asset manager.

South African taxpayers have paid R16.5bn to bail out SAA over the past decade — almost R1,000 per household

2020-01-16 13:17

The bailouts exclude the R17.31 billion in debt guarantees the state extended to SAA.

Eskom unbundling will be 'just', 'sustainable': Public Enterprises gives update

2019-08-24 12:38

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.

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.


Solidarity rejects plan to use workers' pensions to bailout Eskom, warns of court action

2020-02-12 10:33

The union says it it is not in the interests of workers to fund bankrupt entities.

Active citizenry will help the government make tough decisions

2019-12-04 11:36

As active citizens we need to say enough is enough and simply all stop buying tickets from SAA.

Mboweni's top 10 quotes on Eskom bail out and the 'significant cost to tax payers'

2019-07-23 12:13

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.

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.

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