State capture is often cited as the the reason for the department’s ongoing failures, but its problems run far deeper
Controversial trade links between the two countries remain — albeit on a far smaller scale than in the past
The company posted a loss of R1.5 billion in 2020, the same year it last tabled an annual report
Not a single member of the state-owned weapons manufacturer, which has received taxpayer funded bailouts of R9 billion, put in an appearance at the meeting
The money will go towards clearing the airline’s historic debt and may not be the last downpayment
Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint
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The minister’s medium-term budget policy statement had to balance the fiscal risk of state-owned entities and the threat their collapse posed for the economy
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The state is set to achieve a primary budget surplus a year earlier than expected
The document, drafted ahead of the governing party’s policy conference later this year, poses the need for broader public-private collaboration
The fire started when melted substance from a light fitting ignited stored manufacturing material.
The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer served a function
The former minister was found to have played a strategic role in ensuring the ground was fertile for the Guptas to plunder Denel
The second state capture report shows how the arms company went from a R35-billion order book to begging the treasury for cash to stay afloat
The Zondo report delves into South Africa’s procurement web, as it tries to figure out why state-owned entities were able to be captured
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The new finance minister said there would be no new bailout for Eskom or other parastatals, with the exception of Denel, which was thrown a lifeline after defaulting on debt to the tune of R2.9-billion
The parastatal has struggled with financial constraints for some time, partly blamed on wasteful expenditure and the inability to create revenue
The minister addresses the future of the country’s state-owned entities and speculation they may be moved from his portfolio
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A senior officer says the shortage of spares and and ability to service aircraft and vehicles has a negative effect on the SANDF’s operational ability
The arms parastatal has, however, so far failed to comply with an August court order to pay its staff their salaries
The state capture commission has cast its net too wide, given the short time left to finish its work
The Special Investigating Unit found that companies were awarded tenders despite not qualifying for the contracts.
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
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Loss of work is the last thing the beleaguered state enterprise needs
Judge Wendy Hughes says this is the final extension because finality is “owed to the nation”
Ramaphosa and his role model Nelson Mandela became presidents of South Africa in very trying times
The union federation says urgent, bold action is needed to keep the state-owned utility (and South Africa) going
The state defence company is fired up about the large contract but is keeping mum on the details
Make no mistake: this is a deal with the devil, and the real cost will be recorded not on any balance sheet, but on the nation’s soul
Nearly 2 000 people were arrested in Egypt this week. Their crime? Daring to protest against the country’s military government. The act of protesting is outlawed, so many of those arrested had already weighed up the risk of arrest before taking to the streets.Most of those arrested are said to be teenagers and, as rights groups […]
The SOE had announced on Tuesday that it was not going to be able to pay full salaries for the month but a lender has come to the rescue
The embattled arms manufacturer says it has alternative but to cut back on salaries
By doing so the president not only shows he has guts, but governance will be more effective