ARTICLES RELATING TO STATE OWNED ENTERPRISES

Presidential council will straighten out SOEs - Ramaphosa

2019-06-20 20:41

The Presidential State-owned Enterprise Council will work to create better coherence between government's ailing entities to fine-tune each one's mandate and sharpen efficiencies, President Cyril Ramaphosa said on Thursday evening.

SA's public enterprises: Millions wasted and almost no permanent CEOs

2019-06-10 07:22

From a lack of funding to political interference, SA's state-owned enteprises are in a dire state. Fin24 unpacks the current condition of 10 public enterprises.

Government meddling sets black execs up to fail at SOE 'slaughterhouses' - BMF

2019-06-04 19:08

The Black Management Forum released a strongly worded statement after the resignations of South African Airways group CEO Vuyani Jarana, Eskom CEO Phakamani Hadebe and Transnet ending the contract of acting group CEO Tau Morwe.

Eskom insiders provide 'very limited' choices to replace CEO

2019-05-28 12:30

Eskom’s 96-year history is replete with former chief executive officers who have risen from within the debt-laden state utility to run the company. There are few obvious choices for the next CEO to come from those same ranks.

Popo Molefe slams Gigaba for appointing 'architects of capture' in Transnet 'horror show'

2019-05-07 14:19

Transnet Board chairperson Popo Molefe names Former CEOs Brian Molefe, Siyabonga Gama and former chief financial officer Anoj Singh as the architects of the capture at the state enterprise.

Prasa exec axed with immediate effect as cleanup continues

2019-04-26 17:48

Prasa has terminated the employment contract of its former company secretary, Matome Mohube, who is currently the general manager responsible for risk management, after a disciplinary hearing on various charges.

Eskom gets R17.7bn of planned support

2019-04-18 21:27

Eskom has received R17.7bn of planned financial support from the country’s National Treasury

SA's debt repayment costs rising but still 'affordable' - Moody's

2019-04-16 15:32

South Africa is en route to spend R1 out of every R7.5 in government revenue on sovereign debt interest repayments by 2020, according to Moody's Investors Service.

Stolen cables cut power to Lenasia, parts of Randburg

2019-03-20 10:45

Eskom protection cables feeding electricity to substations supplying most of Lenasia were stolen during load shedding, City Power has said.

ANALYSIS: Load shedding - worse than we thought and here to stay

2019-03-19 21:51

“How long? Frankly…I can’t tell you when it will end...we’ll have a better idea in ten days, two weeks’ time,” says a senior government official on Eskom's power crisis that has led to several days of rotational load shedding.

 

SABC needs R3.2bn government backing to avoid shutdown

2019-06-16 16:52

The government is considering a R3.2bn guarantee for the country's cash-strapped national broadcaster to help it raise money from lenders, according to the Sunday Times.

Kganyago: SA Reserve Bank won’t bail out state-owned firms

2019-06-05 10:07

South Africa’s Reserve Bank won’t bail out the country’s troubled state-owned companies including power utility Eskom because it would fuel inflation, Governor Lesetja Kganyago has said.

10 challenges that forced SAA CEO to throw in the towel

2019-06-02 10:06

Vuyani Jarana was appointed SAA CEO in November 2017, the first permanent CEO at the national carrier since 2015. Fin24 looks at why he has tendered his resignation. Here are 10 key quotes from his resignation letter.

Eskom's turnaround imperilled as debt approaches R500 billion

2019-05-16 12:56

The embattled state power utility’s debt burden, described by Goldman Sachs as the biggest threat to the South African economy, has burgeoned, compounding the difficulty the government faces in formulating a turnaround plan.

Transnet appoints new acting CEO

2019-05-02 08:42

Transnet has said it will not renew the six-month contract of acting CEO Tau Morwe, and will appoint a new acting CEO instead.

Eskom 'is not on the brink of financial collapse,' says Gordhan

2019-04-23 12:09

The state-owned power utility 'isn’t on the brink of financial collapse' and the government has the problem 'well under control,' Public Enterprises Minister Pravin Gordhan has told Talk Radio 702.

Ferial Haffajee: Big budgets cushion bigwigs from the consequences of poor government

2019-04-18 05:00

If VIPs were affected by poor service delivery, would we see the same level of deterioration? asks Ferial Haffajee.

Rothschild's Kingston eyes role in state-owned enterprises

2019-03-25 19:28

Martin Kingston, who on April 1 steps down as CEO of Rothschild & Co.’s South African unit after 13 years, wants to help revive the country’s beleaguered state-owned companies.

Moody’s could take dim view on load shedding next week, economists warn

2019-03-20 06:45

Economists have warned that Moody’s Investors Services could change its outlook from stable to negative or even downgrade South Africa to junk status when it reviews the country’s credit rating next week.

Eskom hits back: We are not formally planning Stage 5 and 6 load shedding

2019-03-19 19:28

Eskom has taken to Twitter to explain its position on load shedding stages 5 - 8, saying they are purely there as a "contingency measure".

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