The president said the fund would not be an additional burden to taxpayers because it would be financed by dividends from ‘well managed’ state-owned entities
Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan
The business rescue practitioners are also silent over the company’s debt deal
The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994
The communications minister said the telecommunications company was still strategic to the state’s programme
The former chief executive is credited with saving the company by making inroads into the mobile market
Analysts suggest the former chief executive is interested in taking over Telkom in order to facilitate a deal with MTN, consolidating the local telecommunications space
The AYO affair shows the GEPF should stop backing the ANC’s destructive BEE project, pull out of the stock market and support the public sector instead
The government must invest in its people and infrastructure to stimulate the economy
Considering the high cost of data in the country, the South African government should build up this vital public entity rather than sell it to the highest bidder, whose interest is profit not service
Enoch Godongwana is currently seized with preparations for the medium-term budget, which will give details on whether fiscal stability is still possible
The state must take control of energy supply to increase capacity with funding from the Public Investment Corporation and the South African Reserve Bank rather than relying on the private sector
The notion of governments owning and fiddling in telecoms is outdated and unnecessary, according to communications experts
After 14 years of blackouts, the president has promised to expedite load-shedding’s finale
The central bank announced it would dispose of its 50% shareholding given its potential conflict of interests as a regulator
President concedes that South Africa is on a long and difficult journey ‘to renew the promise of our democracy’, but cites strengthening the NPA’s capacity as one example of progress
The whistleblower fears that Zondo’s recommendation that the firm’s contracts with public entities be scrutinised will be stonewalled – and implicates Telkom.
The mining company’s former board chairperson has accused his replacement of engineering a sexual harassment complaint to get him out
UDM leader Bantu Holomisa says the organisation is seeking an urgent application to set aside the sale of SAA to Takatso
Sipho Makhubela assures that the private equity firm has what it takes to raise the capital to get SAA flying again
In filed court documents, the VBS liquidators are blaming auditing firm KPMG’s negligence for the alleged looting of the bank
The NPA has confirmed that the trial of the expected 10 accused in the VBS heist will be a marathon
The state is expected to request a 16 week-long trial, as delays stymie progress in the saga.
A certificate is needed from the head of the NPA for more arrests to be made
The SOE has asked the government for R3.5-billion in extra support over the next three years to offset losses incurred because of the pandemic
Prosecutors tell the court that more people will be charged and additional charges will be added to the seven accused in a new charge sheet
The theft of R10-million from the Guardian’s Fund account prompts the justice department to freeze all accounts until an audit can determine the extent of the damage
The state wants to increase spending on infrastructure to drive economic recovery, and South Africans’ savings could help foot the bill
The party released its plan for the reconstruction of the country’s post-coronavirus economy on Friday. This would involve changes to Regulation 28 of the Pension Funds Act
A disciplinary inquiry has cleared Matshepo More of all charges, but she remains suspended
Independent retail analyst Syd Vianello says going under business rescue does not mean Edcon will be saved, “it simply gives business rescue practitioners a chance to work out how they can save the company”