Latest articles on Bailout

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.

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Press Releases

Full-time Johannesburg-based CEO required for HI HOPES

An entrepreneurial, business-minded, impact-driven individual is sought to lead the organisation as it looks to scale and grow

Balwin properties and Absa launch South Africa’s first green home loan

Balwin Properties’ Edge registration of over 16 000 units was a global first, covering more homes than any single property developer in the world to date

Young professional gets a career boost from PSETA

SAICA makes ongoing efforts to encourage the professionalisation of financial offices in private and public sector organisations

Colgate-Palmolive South Africa donates one million bars of soap

The combination of limited access to quality soap and a lack of knowledge of how to properly wash hands is a challenge in many vulnerable communities

Cheque value bundles – real value

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Absa Rewards puts cash in your pocket

In addition to the cash benefits, you will receive special offers and exclusive deals from selected Absa Rewards partners

Municipal audit outcomes reveal public sector financial management must be professionalised

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