Confusing laws enabled state capture, study by Dullah Omar Institute finds

2019-04-09 16:10

According to research by the Dullah Omar Institute, confusing legislation was a key enabler of state capture at South Africa's troubled state-owned entities - and calls for a "State-Owned Enterprises Act" to oversee the appointment of boards at parastatals.

There is no 'endless supply of cash' Mboweni tells Parliament

2019-02-21 14:05

Finance Minister Tito Mboweni told MPs on Thursday there is "no endless supply of cash" in government, and the state has no printing press to magic new funds.

Cosatu: Ramaphosa must guarantee Eskom restructure won’t lead to job losses

2019-02-07 21:40

The president must guarantee that the restructuring of Eskom he announced in his State of the Nation Address will not lead to job losses, says Cosatu.

Eskom likely to be 'front and centre' of #Budget 2019

2019-02-07 08:37

Eskom is likely to be "front and centre" of Finance Minister Tito Mboweni’s budget speech, predicts Deloitte's managing director for tax & legal.

Popo Molefe says new board found 'horror show' at Transnet

2019-01-17 09:37

The state-owned freight rail company has issued summons to former top executives implicated in financial mismanagement with a view of recouping some of the squandered money.

WRAP: There are no plans to privatise Eskom - Gordhan

2018-12-06 13:55

The public enterprises minister was briefing the media on the state of the power utility after days of load shedding, power generation unit breakdowns and reports it wants the state to take over R100bn of its R419bn debt.

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.

Popo Molefe waiting on 'proper response' from Transnet head Siyabonga Gama about suspension

2018-08-20 15:54

Transnet Chairperson Popo Molefe says the group's board expects a 'proper response' from its CEO Siyabonga Gama by Monday afternoon on why he should not be suspended.

Fixes to ‘elephant’ Eskom span China loan to debt swap

2018-07-25 06:55

The cash-strapped power utility has secured a $2.5bn long-term loan facility from China Development Bank, giving a big boost to its fundraising efforts this year.

SA needs 'bold reforms' to boost growth - IMF

2018-06-12 16:52

Without economic reforms, South Africa was was unlikely to exceed 2% GDP growth over the medium term, the delegation said.


How SA's broken state-owned companies made the 'new dawn' a fake resurrection

2019-03-28 05:30

SA has pinned its hopes on the election to give its ailing economy new direction and growth, but as the country braces for news from rating agency Moody's this week, indications are its faith may have been unfounded, says Sean Gossel.

The Eskom break-up explained: What we know so far

2019-02-07 23:17

President Cyril Ramaphosa announced on Thursday evening that debt-laden power utility Eskom would be split into three separate entities – generation, transmission and distribution – which would still fall under the company Eskom Holdings.

Ramaphosa: We won't privatise state enterprises needed for development

2019-02-07 20:02

President Cyril Ramaphosa has assured that state assets will not be disposed if they are strategic for the development of the economy and South Africans.

More suspensions likely as Transnet works through report backlog

2019-02-06 07:33

Further provisional suspensions of staff may be on the cards at Transnet as auditors at the state-owned port and freight rail and operator continue to comb through past internal reports.

Denel defends appointment of white male CEO as 'top candidate'

2019-01-14 14:17

New Denel CEO Daniel du Toit is the most suitable candidate for the job and was approved by Cabinet, the state-owned arms manufacturer has said.

Nigeria aims to sell 10 state-owned companies

2018-09-25 06:15

Nigeria hopes that the sale to selected investors and the public will raise $797m toward funding the 2018 budget.

Transnet board to consider reasons why CEO Siyabonga Gama shouldn’t be suspended

2018-08-22 05:45

The chairperson of the state freight and ports company says its board is considering submissions by three senior officials - including the group's CEO - as to why they should not be suspended.

Evidence that some Transnet employees 'operate like syndicates' on tenders - Molefe

2018-08-17 12:12

The Transnet chairperson was speaking during a meeting in Johannesburg with Parliament's oversight committee on public accounts.

Banking body says members willing to help out stressed state-owned enterprises

2018-06-25 17:40

The Banking Association of South Africa has said its members are willing to help out state-owned enterprises such as Eskom and Transnet with "expertise and resources" following a meeting with ministers.

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.

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