Eskom has been embattled by ongoing industrial action undertaken by employees and trade unions.
The overall National and Provincial audit has, once again, demonstrated government’s lack of responsibility.
While stage 1 allows for up to 1000 MW of the national load to be shed, stage 2 doubles that amount.
SAA has reached this point in its financial crisis through persistent mismanagement and cronyism.
Concerns recently raised by the National Treasury have intensified amid allegations of irregularities in the way in which the bill is being processed.
Eskom’s total debt currently stands at a mind-blowing R419billion.
Eskom’s misaligned maintenance plan also chipped away at its meagre profits.
The Eskom inquiry report is set to blast the lid off state capture and expose its chief participants.
How does a company spend R5 billion in less than 30 days?
The SABC Board released a statement announcing its intention to retrench about 1 200 out of its 2 400 freelancers, while about 981 out of a total of 3 380 permanent employees are likely to be affected by retrenchments.
The piles of black coal exposed to the elements have deepened Eskom’s crisis, causing the company’s CEO to warn of load shedding in summer.
South African Airways seems to be a bottomless pit.
Finance Minister Mboweni says it must be shut down, President Ramaphosa says that can’t be done. Where to now for SAA?
According to the Department of Public Enterprises, this R5 billion bailout will be the final financial hand-out afforded to the ailing national carrier.
The only reason the SABC continues to operate is thanks to generous, albeit misplaced, government bailouts.
SABC CEO, Madoda Mxakwe, confirmed the television sector’s worst kept secret during a media briefing earlier in the week.
Budget cuts pertaining to the Department of Defence have left Denel in a sticky position.
Eskom maintains that it is entitled to a 90% increase, but, in order to spare the average South African consumer, it will settle for less.
Despite being implicated in corruption and maladministration within Transnet, Gama’s removal from the company has been downplayed by board members.
The PA living the life of a CEO.
While the Department of Public Enterprises, led by Minister Pravin Gordhan, received a clean audit, some SOEs reported gross irregular expenditure, with most failing to table their financial reports in time for the briefing.
Irregular expenditure stood at R42.8 billion last year. This year, that amount has increased by 70%.
Eskom’s Senior General Manager of Assurance and Forensics, Molefi Nkhabu, is under serious fire.
The disastrous knock-on effect of exorbitant petrol price increases.
Things aren’t looking good for South African Airways, yet the state owned enterprise is adamant that it will turn things around.