Operational inefficiencies and infrastructure neglect have led to logistical challenges costing the economy R1 billion daily in lost economic output
In one Special Investigating Unit inquiry, Denel was paid more than R8 billion by Armscor for 264 Badger vehicles but only produced a fraction of those
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
Sizani was appointed to lead the embattled SEO in February
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
Can our new government address South Africa’s many crises, and respond to its citizens’ needs?
The Democratic Alliance insists that crucial SOEs such as Eskom should report to related ministries for better accountability
State-owned companies will have to disclose data on their highest and lowest paid employees in an effort to solve wage disparities and be more transparent
The president said he carried final responsibility for ensuring the executive functioned efficiently and his office had a proven track record of reform
The minister’s conduct was called into question during this week’s national working committee meeting, sources said
The money will go towards clearing the airline’s historic debt and may not be the last downpayment
I believe that load-shedding may have been created in an effort to spark an energy crisis and enrage the populace
The Fraser Institute’s annual survey of mining companies is not entirely wrong, South Africa is a difficult place to mine, say analysts
The finance minister’s reduction in corporate income tax and allocations to education, health, social development, justice and police have been welcomed
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
As the president spoke about state capture, opposition MPs murmured disparagingly in a manner previously reserved for his predecessor Jacob Zuma
The state capture report reveals a governance crisis at state-owned entities. Experts weigh in on how this came to be and what to do about it.
SMEs are investing in their growth at a rate we’ve never seen before. That is resilience. It is also a sign of the pent-up growth just waiting to explode into our economy — if only the government would see it
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
Keeping the airline going is worth it for the jobs and related businesses that will be affected if it goes down
President Cyril Ramaphosa may axe a few of his struggling cabinet ministers and move some of the beleaguered state-owned enterprises to other portfolios
Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech
The arms parastatal has, however, so far failed to comply with an August court order to pay its staff their salaries
The president’s latest energy commitments were meant to have been met years ago, but he struggled to get Gwede Mantashe on board
DA leader John Steenhuisen has called for Ramaphosa to throw out what he termed an ‘outdated 20th century ideology of state control’
The department of public enterprises touched on issues related to Covid-19 at its SOEs, as the acting director general briefed parliament
To start, communicators must provide those in charge with reputational counsel about the impact of their actions on the organisation
Business associations are urging companies to continue seeking alternative energy sources in light of Eskom’s court judgement which would allow the utility to bump up electricity prices up to 15% from next year April 2021.
The OECD predicts a 7.5% contraction in South Africa’s GDP, with an 8.2% contraction if a second wave of Covid-19 is not avoided
Draft agreement document spells out that R1.5-billion will be needed to fund severance packages for 2 400 of the airline’s employees