Prasa appoints two new execs after cleanup

2019-10-01 19:26

Prasa has placed a number of executives and senior officials on suspension in recent months, but on Tuesday the board announced the appointment of two executives.

SABC bleeds billions in 'exorbitant' sports broadcast rights - CEO

2019-09-17 15:25

In the past three years SABC lost as much as R3.8bn on monies paid for sports broadcasting rights. If the SABC continued on this trajectory it would need another R6.8bn, members of Parliament heard.

Prasa appoints first permanent chief financial officer since 2014

2019-09-02 16:09

Prasa has appointed a permanent chief financial officer, the first since 2014.

Nest egg raid or tool for development? Your guide to prescribed assets

2019-08-24 11:13

President Cyril Ramaphosa has called for a "broad and wholesome" discussion around prescribed assets, which could oblige retirement funds to invest in state-owned enterprises. Here's what you need to know.

SA has a sovereign debt problem. Its name is Eskom

2019-07-24 08:13

Finance Minister Tito Mboweni on Tuesday unveiled a second multi-billion rand bailout for the power utility within five months, aid that may force the cash-strapped government to increase borrowing and taxes.

Gordhan: Public Enterprises may soon have more power over SOEs

2019-07-17 21:37

Minister of Public Enterprises Pravin Gordhan has said a green paper for a bill which would give his department stronger oversight over SOEs will be ready within the 2019/20 financial year.

Denel wants R2.8bn govt bailout

2019-07-05 15:21

Denel wants the SA government to give it a R2.8bn financial boost, says a spokesperson for the state-owned arms manufacturer.

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.


SABC won't do away with TV licences – board chair

2019-09-17 21:00

SABC board chair Bongumusa Makhathini says that 72c for TV licences per day is not expensive, and the public can afford to pay R1 for a licence.

Prescribed assets are an apartheid-era policy that's blatant theft of pensions - MPs

2019-09-10 20:06

Members of the National Assembly on Tuesday debated government's proposal to investigate prescribed assets as an option to drive development in the country.

7 things the new Eskom CEO will need to turn the power utility around, according to experts

2019-08-28 05:00

With the hunt on for a new CEO for Eskom, experts have outlined seven key attributes they believe the new head will need in order to turn the beleaguered state-owned entity around.

Gordhan: Over R2.1bn recovered in overcoming the 'rot' of state capture

2019-08-21 10:29

So far the state has recovered more than R2.1bn lost through contracts awarded irregularly to entities doing business with state-owned enterprises, says Public Enterprise Minister Pravin Gordhan.

SA's state-owned companies: a complex history seldom told

2019-07-18 21:35

The problems of South Africa’s state owned enterprises are in the headlines every day. Yet many have existed for over 80 years, says Nancy L. Clark.

Ramaphoria vs. Ramareality - and the hard truth about SOE bailouts

2019-07-16 07:00

State-owned enterprises can't be fixed overnight, says Adam Craker.

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.

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