Report recommends legal action against Transnet executives over locomotives deal

2018-11-17 11:12

A probe into allegations of tender irregularities into the procurement of locomotives by Transnet says senior executives “went out of their way” to assist China South Rail to secure the lucrative tender.

Suspended Denel Group CFO axed with immediate effect

2018-11-09 17:22

Denel has axed former Group CFO Odwa Mhlwana with immediate effect, the arms manufactuerer said on Friday.

Eskom consulting executives on possible job cuts

2018-11-07 16:17

State-owned power utility has started consultations about possible job cuts for executives as the cash-strapped company looks to rein in soaring costs despite stagnant electricity output.

SA fiscus at a crossroads, difficult choices must be made – Treasury official

2018-11-05 07:32

Government will have to make difficult decisions on state owned companies and the public sector wage bill, members of Parliament heard.

INSIDE LABOUR: A classic case of economic ill health

2018-11-02 10:04

No wonder there's resentment over SOE bailouts when ordinary people bear the brunt of healthcare that relies on the contents of bank accounts, says Terry Bell.

Sell SAA, it won't fly – economist

2018-10-31 15:32

Members of Parliament heard that SAA is proving to be a dead weight on government finances and should be sold.

SAA gets R5bn, told to restructure debt

2018-10-24 18:25

The National Treasury has allocated R5bn to help South African Airways repay debt, but says the state-owned airline will have to engage with creditors to restructure almost double that amount.

No holy cows as Mboweni says reconfigure fiscus-draining SOEs

2018-10-24 14:07

Finances of state-owned enterprises remain weak and they have to be reconfigured, said Finance Minister Tito Mboweni.

Irregular expenditure by govt departments and state entities accumulate to R72.6bn - report

2018-10-07 12:12

Irregular expenditure by government departments and state entities have accumulated to R72.6bn, according to an analysis by the DA.

Protests keep Sasria in business as insurance profits nearly double

2018-09-26 13:06

In Sasria's 2018 integrated report, managing director Cedric Masondo said the gross written insurance premiums of the company increased by 8.2% to R1.9bn.

 

SA’s commissions of inquiry: what good can they do?

2018-11-10 08:00

Unrealistic expectations about what commissions can achieve comes from the fact that they're often confused with courts of law, says Cathleen Powell.

Alexkor still in the black - but no sustainable income, MPs hear

2018-11-07 19:02

Alexkor's financial position is not at its best, and the state-owned enterprise needs help to avoid affecting its going concern status, members of Parliament have heard.

Alexkor board will be the first to act against corruption – Matona

2018-11-07 14:19

Alexkor interim chairperson Tshediso Matona has said the board will be the first to act if there is any wrongdoing discovered at the state-owned enterprise.

Non-payment of e-tolls could affect service delivery – Treasury official

2018-11-04 11:16

The culture of non-payment endorsed by civil groups like OUTA are undermining government's ability to provide services, members of Parliament heard.

Government guarantees on tap? Not without Parliament's say - new bill

2018-11-02 07:25

DA MP Alf Lees has tabled a private member's bill to stop state-owned entities from racking up government guarantees unchallenged.

Transnet: Ramosebudi can resign, but we will still take action

2018-10-26 20:01

Transnet is continuing with its disciplinary action against former Group Treasurer Phetolo Ramosebudi despite his resignation.

Ferial Haffajee: Zuma’s long shadow stalks Ramaphosa’s new dawn

2018-10-24 17:24

Former President Jacob Zuma’s legacy hung like an albatross around the neck of his successor Cyril Ramaphosa, as a gloomy medium-term budget policy statement landed on Wednesday.

Parliament: We demand answers on ballooning irregular spend

2018-10-10 20:27

Scopa and SCOA have called for accountability from those failing in their duties, after just 25% of 434 audited government departments and state-owned enterprises received clean audits compared to 34% last year.

Treasury, JSE debt requirements seek more transparency at SOEs

2018-10-01 21:00

Proposed new debt listing requirements include stipulations that will compel state-owned entities looking to apply for debt securities to be more transparent.

Why Eskom bonds should be considered government debt

2018-09-15 07:45

If all R268bn of guaranteed debt landed on the government’s balance sheet, it could raise SA's debt to GDP towards 70%, not the 53% disclosed by the government for 2017, says Nick Smith-Saville.

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