Eskom 'going down and under very, very fast'

2017-11-19 06:07

With a new report detailing how Eskom is wasting billions of rands constructing power stations to supply electricity for which there is no demand, the state utility is “going down and under very, very fast”, says energy adviser.

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.

Prasa still waiting for overdue state capture probe reports

2017-11-14 12:04

Prasa is still waiting for various private and government reports into allegations of corruption at the entity, two years after being directed to do so by the public protector.

Investment in Africa: Capital will go where it is looked after

2017-11-03 11:18

Capital will always go where it is looked after, the CEO of the Development Bank of Southern Africa has said at the First African Roundtable on Infrastructure Governance.

SOEs still a 'worthwhile investment' for workers' money - Gigaba

2017-11-01 07:12

Finance Minister Malusi Gigaba says South Africa's workers should continue supporting state-owned enterprises, as these entities have a developmental agenda in the country.

'SAA can be saved'

2017-10-29 06:00

The five-year plan to pull SAA out of its nose dive will involve reducing the fleet, cutting routes, and consolidating SAA, Mango and SA Express.

WATCH: SOEs behind the decay of the fiscus – economist

2017-10-26 21:45

Much of the decay of the country’s fiscus is self-made through bailouts to state-owned enterprises, says an economist.

Plan to find an equity partner for SAA is under way - Gigaba

2017-10-25 15:49

The plan to consolidate SAA and SA Express and to find an equity partner is under way, Finance Minister Malusi Gigaba has said in his maiden mini budget speech.

Unprofitable SOEs have become a ‘substantial’ risk on fiscus

2017-10-25 14:59

South Africa’s unprofitable state-owned entities have become a fiscal risk for government, according to the 2017 mini budget .

SAA bailout will blow lid off expenditure ceiling if Gigaba’s plan fails

2017-10-25 14:21

Finance Minister Malusi Gigaba needs to sell government-owned assets or his budget will breach the expenditure ceiling by R3.9bn.


Fitch puts Eskom on Rating Watch Negative

2017-11-17 21:30

The ratings agency said it expected Minister of Public Enterprises Lynne Brown to appoint a permanent Eskom board before the end of November.

Govt may consider listing SOEs on stock exchange - Ramaphosa

2017-11-16 16:46

Deputy President Cyril Ramaphosa says government may consider proposals to list South Africa’s state-owned enterprises on the stock exchange similar to what countries such as China, Malaysia and Singapore have done.

Exorcising Dudu Myeni’s ghost

2017-11-12 06:00

From now on, the CEO of SAA would actually be allowed to run the place, said Finance Minister Malusi Gigaba and new board chair Johannes Bhekumuzi “JB” Magwaza at this week’s “unveiling” of the airline’s new board.

'We can't just throw SAA away' - Ramaphosa

2017-11-01 21:00

Deputy President Cyril Ramaphosa pleaded with members of Parliament to give the new SAA board and CEO an opportunity to prove that they can put the airline on a path to financial stability.

Mid-term budget lacks the lever and fulcrum needed to move SA forward

2017-10-29 06:00

SA hoped that the mid-term budget would move the country forward. But most will remain unmoved.

In the jaws of defeat

2017-10-29 06:00

With dysfunctional politics driving SA to the brink of economic collapse, tough measures are needed, writes Nazmeera Moola.

Gigaba: 'We couldn’t tell people everything is fine'

2017-10-26 20:28

Finance Minister Malusi Gigaba believes South Africans had to hear the truth about the nation's finances when he delivered his mini budget speech.

Bogged down by e-toll failure, Sanral gets more room to borrow

2017-10-25 14:59

Road agency Sanral has been given more wriggle room to borrow, amid an unwillingness by disgruntled motorists who refuse to pay e-toll fees in Gauteng.

No more Mr Nice Guy: Gigaba gets tough on state-owned entities

2017-10-25 14:22

Finance Minister Malusi Gigaba has drawn a line in the sand regarding government’s expectations of the executives and board members that are running the country’s state-owned companies into the ground.

State firms most glaring risk to SA fiscal stability - Budget Office

2017-10-24 16:04

The Parliamentary Budget Office says South Africa's contingent liabilities pose a huge risk to the country's fiscal stability.

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