Transnet has been in the midst of an overhaul over the past year, following revelations of corruption and mismanagement under its previous executives including Brian Molefe, Anoj Singh and Siyabonga Gama, among others.
SOE tells unions that, despite a ruling by the Labour Court, it cannot pay employees the money it owes them.
The State-Owned Enterprise Council is there to help government reposition SOEs so that it may bring about economic transformation.
DA interim leader John Steenhuisen said Ramaphosa had the chance to correct the ‘state of the nation’ in his address, but blew it.
After a short hiatus from Twitter, Finance Minister Tito Mboweni is once again posting prolifically, using the platform at the weekend to call for a public debate, possibly a referendum, on the use of taxpayers’ money to bail out failing state-owned enterprises.
The focus for 2020, according to Ramaphosa, is to ensure the restoration of South Africa’s state-owned entities.
Numsa is concerned about potential conflicts of interest due to Jabu Mabuza’s family business interests in boiler maintenance and coal supply to Eskom.
Jacob Zuma’s alleged interference with state-owned companies has been pulled into the spotlight on Wednesday, with Msholozi getting a certified grilling.
A number of state-owned entities have expressed their discontent this week, following the exodus of several CEOs. Cyril Ramaphosa has tried to steady the ship.
Billions and billions have been thrown at SAA, but the airline don’t have much to show for it. Over the last 20 years, their borrowing has been obscene.
Let us see if this will discourage officials from corruption in the next financial year.
Pravin to the rescue?
After months of public financial difficulties, Eskom has managed to officially agree a R20 billion load deal with seven banks.
German software giant SAP has come forward, apologised and admitted wrongdoing on their behalf for the company’s work in South Africa. The company has also disclosed its situation in SA to US authorities. SAP has initiated disciplinary proceedings against three employees. Why? Dodgy works with the Guptas in our country, of course. “The investigation has not […]
First the SABC and now Prasa… our SOEs aren’t doing all that well.
Looks like things over at the Passenger Rail Agency of South Africa aren’t all that peachy.
Senior ANC member and businessman Sipho Pityana hasn’t quite finished with Zuma and the current ANC leadership just yet.
South Africa’s six largest SOE’s have been cut off by the continent’s largest private fixed-income money manager, citing concerns with how our parastatals are being managed.
Developed nations should stop reacting “rashly” every time the United States Federal Reserve changes its mind, finance minister Gordhan told guests at a breakfast after his budget speech.