Latest articles on Bailout

Embattled SAA is set to receive balance of R10bn funding

Salary arrears owed to SAA staff will be paid by 19 February, and the public enterprises department commits to reskilling affected employees.

SAA bailout raises more questions

As the government continues to grapple with the troubles facing the airline, it would do well to keep on eye on the impending Denel implosion

Eskom set to get a fast-tracked R59-billion in the coming two years

The additional fiscal support comes as Eskom is weighed down by debt and is expected to report losses of R20-billion in upcoming financial results

Eskom burns on through bailout

Despite alarm over the recent lifeline, state says the power utility is not on the brink of collapse

Edcon clears the first hurdle

​Edcon chief executive Grant Pattison and his team achieved what many critics doubted they could — secure an almost R3-billion lifeline

Shaking up Eskom matters for South Africa’s economy

Given the damage that’s been done, the previous board at Eskom simply could not continue. It had no plan to turn the company around or stop corruption

Treasury announces SAA bailout to settle R2.3bn debt

Government officials have moved to transfer an undisclosed sum from the National Revenue Fund to South African Airways

IRR urges lawmakers to assist poverty-stricken prisoners

Over 7000 detainees, who are yet to be convicted of a crime, are currently held in South African jails because they cannot afford to pay bail.

International investors still seek Eskom bonds despite its financial woes

Foreigners are hungry for high returns, as seen in their demand for the power utility’s bonds at its latest international sale.

Bailout vote decides Cyprus’s eurozone fate

Cyprus's Parliament will vote on a bailout imposed by the EU, with approval likely from a thin majority against calls for the island to exit the euro.

EU meet to finalise Cyprus bailout

Eurozone and EU finance ministers will meet in Dublin to conclude a Cyprus bailout and consider extending debt repayments for Portugal and Ireland.

Cypriots wary of what’s to come

Cypriots have reacted to the news of their own salvation from economic meltdown with relief, but also trepidation and despair.

Cyprus bank closure rolls into week two

Cypriot businesses have been under increasing strain to keep running after financial authorities stretched the country's bank closure into week two.

Cyprus tweaks bailout plan as meltdown looms

Cyprus has been fine-tuning a Plan B to secure a bailout that the European Central Bank has warned should be adopted to avoid a banking meltdown.

MPs object SA bank law in light of Cyprus bailout crisis

The Cyprus savings levy has led to an objection from the Democratic Alliance about a clause in the Banks Amendment Bill.

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