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.

5 things you should know about Nene's Moody's address

2018-09-13 23:08

Finance Minister Nhlanhla Nene addressed ratings agency Moody's Investors Service sub -Saharan conference in Johannesburg. Here are five things you should know.

Ramaphosa talks economy in Parliament - 5 key takeaways

2018-09-11 18:05

President Cyril Ramaphosa answered economic questions in the National Council of Provinces. Here are five key takeaways.

#StateCapture: Time to put some heads on spikes - Steenhuisen

2018-08-23 13:05

Although optimistic about the Zondo Commission’s Inquiry into State Capture, the Democratic Alliance fears that there will be a lack of consequences for offenders.

Futuregrowth says it didn't tell Transnet to remove CEO Gama

2018-08-21 07:51

Futuregrowth Asset Management said it didn’t tell Transnet to remove CEO Siyabonga Gama after the state entity said auditors couldn’t give its 2018 financial results a clean bill of health.

Minister Nkwinti calls for state construction bank and company ideas

2018-08-19 06:03

Building firms have been urged to come up with a model to empower black practitioners big and small.

Union heads to court to demand information about PIC decisions

2018-08-16 18:28

The Public Servants Association has filed a court application in a bid to force the release of information relating to the PIC board and the R5bn bridging loan granted to Eskom in February.

Gordhan: SA Express flights to take off next week

2018-08-15 11:22

Public Enterprises Minister Pravin Gordhan says grounded airline SA Express will be taking off next week.

Parastatal bailouts will have us downgraded, DA warns

2018-08-12 15:00

The opposition is also looking to have Parliament’s Standing Committee on Finance with National Treasury to discuss sovereign liabilities and which parastatals asked for bailouts.

7 reasons Eskom's finances are at a 'tipping point'

2018-07-24 08:11

At the release of Eskom’s dismal financial results, chairperson Jabu Mabuza described the power utility as being at a "tipping point". Fin24 takes a look at the reasons behind Eskom's financial woes.

 

SABC CEO Mxakwe shares grim financials with staff

2018-09-14 18:44

The SABC’s Group Chief Executive Officer Madoda Mxakwe has outlined the 'dire financial situation' to staff as the broadcaster weighs up possible retrenchments.

Eskom, other SOEs still pose risk to SA - Moody's panel

2018-09-13 18:00

There have been changes at Eskom, Transnet and other SOEs, but not enough has been done to reduce the risk they pose to the economy, it emerged at ratings agency Moody's sub-Saharan Africa conference.

Gama appeals to Gordhan

2018-09-02 06:01

Embattled Transnet CEO Siyabonga Gama has taken his fight with chairperson Popo Molefe to Public Enterprises Minister Pravin Gordhan, asking him to intervene in the standoff between the paratatals’s two most senior leaders.

Leaked report reveals 'questionable' bids, lack of consequences at Prasa

2018-08-21 18:15

The Auditor General report on Prasa’s 2016/17 financial year revealed irregularities for 36 tenders, says the Democratic Alliance.

SAA will need a long runway to take off

2018-08-19 06:03

Although the national airline has long had its wings clipped, Thabang Motsohi is confident that regimented management could restore it to its former glory.

Syndicate at SAA must be dismantled – Scopa

2018-08-16 21:14

The syndicate operating at SAA that caused losses for the airline must be dismantled urgently, says the Standing Committee on Public Accounts.

Investors upbeat about Eskom, despite financial woes - Gordhan

2018-08-16 08:55

Despite financial difficulties, investors are optimistic about Eskom, said Public Enterprise Minister Pravin Gordhan.

Treasury says no bailout approved for state firms

2018-08-13 16:37

National Treasury denied that the government has approved a bailout package of R59bn for state-owned companies.

ANC's Mashatile urges private investment into Eskom, other state firms

2018-07-26 11:47

ANC Treasurer-General Paul Mashatile has invited private investors to take up equity stakes in state-owned companies, as leaders of the Brics grouping of emerging economies meet in Johannesburg.

Parliament very worried about Eskom's R19.6bn irregular expenditure

2018-07-23 16:38

Parliament’s portfolio committee on public enterprises has expressed deep concern over the rate at which Eskom’s irregular expenditure had ballooned.

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