Gordhan slams looting at SA Express, touts merger to aid SA's ailing airlines

2018-05-24 12:53

Embattled airline SA Express has found itself facing financial challenges because of people who were looking for opportunities to steal instead of running the airline properly, says Public Enterprise Minister Pravin Gordhan.

Molefe to cut 'deep claws' of corruption at Transnet

2018-05-24 09:08

South Africa’s port and freight operator needs to cleanse itself of “pervasive corruption” so it can improve efficiencies and win back public and investor confidence, says Transnet's interim chairperson.

Energy experts say Eskom must go

2018-05-20 06:06

Buckling under the weight of debt, Eskom is the biggest stumbling block to developing affordable, clean power in South Africa, and it should be unbundled, experts say.

Moyane's lawyers taking Ramaphosa to court over written evidence

2018-05-18 11:23

Suspended South African Revenue Services commissioner Tom Moyane’s legal team will head to court over a technical aspect of his disciplinary inquiry.

SAA seeks urgent funding after latest loss

2018-05-17 09:09

South African Airways says executives will meet Treasury officials every two weeks to address urgent funding needs after the ailing carrier reported a 7th consecutive year of losses - and the worst since 2015.

Popo Molefe appointed chair of Transnet's new interim board

2018-05-14 20:29

Minister of Public Enterprises Pravin Gordhan has undertaken a broad shakeup at Transnet and appointed ANC veteran Popo Molefe as interim chairperson.

Goldman Sachs increasingly optimistic about SA

2018-05-11 11:31

The Goldman Sachs is optimistic about SA but its concerned about the implementation of the promised structural reforms.

Fighting graft not only lip service, says Nene as Treasury backs state capture inquiry

2018-05-08 16:31

National Treasury is not “paying lip service” when it comes to the fight against corruption, says Finance Minister Nhlanhla Nene.

Judgment in case to make NPA, Hawks probe Prasa expected soon

2018-05-03 13:24

In the 2016/17 financial year passenger rail agency Prasa had the worst audit outcomes of any state-owned entity or department from the office of Auditor General Kimi Makwetu.

Guptas didn't buy me with private flight to Russia - Mabuza

2018-04-25 18:48

Deputy President David Mabuza deflected sharp questions about his relationship with the Guptas in Parliament, saying he does not feel he is beholden to them for flying him to Russia when he fell ill.


Gordhan appoints Phakamani Hadebe Eskom CEO in sweeping SOE board changes

2018-05-24 09:28

Cabinet has approved a recommendation by Eskom's board to appoint Phakamani Hadebe as permanent CEO of Eskom.

Eskom chief culprit in cost expansions and deviations

2018-05-24 08:00

Eskom is the chief culprit among state entities and departments when it comes to deviating from procurement guidelines and expanding the scope of its contracted work, Parliament has heard.

Pravin’s Transnet board battle

2018-05-20 06:02

A former Transnet board member claims public enterprises minister is ‘racially biased’ and ‘abusing his powers’.

REVEALED: How much staff earned in former minister Lynne Brown's private office

2018-05-17 14:47

An employee with just a grade 9 qualification earned over R890 000 a year while working for former minister of public enterprises Lynne Brown in her private office.

Popo Molefe vows 'unflinching' stance if any corruption found at Transnet

2018-05-15 06:21

Newly appointed Transnet interim chair Popo Molefe has promised to tackle corruption at the state firm, but he is not going there assuming any wrongdoing as this would be “unfair”.

Protect us from the madness of the bosses

2018-05-13 06:00

You’ve seen them — those guys who drive big cars and act like they own the road. They’ve got the power to crush you in their hands, and you’ve heard it, “absolute power corrupts absolutely”.

What Ramaphosa is doing to fix SA's state companies

2018-05-11 06:56

South Africa’s biggest state firms have been plagued by mismanagement, cash shortages and corruption scandals for years, leaving them in financial strain and posing an acute risk to the nation’s finances.

Gordhan must dump SAP – BBC

2018-05-06 06:48

Black business wants government to cancel all contracts with the software giant because of state capture claims.

State firms debt may threaten financial stability, warns SARB

2018-04-26 09:48

The inability of state-owned companies to roll over debt could threaten South Africa's financial stability and ultimately result in more credit-rating downgrades, according to the Reserve Bank.

No appetite or benefit in selling SAA now, board insists

2018-04-25 14:32

Under former SAA chair Dudu Myeni the national career was hobbled with financial constraints and stayed functioning, in part, through the doling out of government guarantees.

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