The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency
The former finance minister recalled Gordhan’s role in mobilising broad-based protest against apartheid and state capture
Reforming governance has proved to be a Sisyphean task. If done right, a new state holding company could be the final push
The public enterprises minister responds to coverage about his conduct at state firms
The corporatisation of SOEs has disempowered the South African public and benefited corporate power and private finance
Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse
In an interview, the public enterprises minister outlined the challenges implicit in turning around state-owned entities
With Eskom and most other entities in states of disrepair, the relevance of the department of public enterprises is questioned
Finance Minister Enoch Godongwana said ending blackouts is at the top of the government’s priorities as the country grapples with tough economic conditions
A total of 128 auditees out of 424 received clean audit status, according to auditor general Tsakani Maluleke
Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint
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
The largest sources of state capture money were Transnet and Eskom, two of South Africa’s most fragile state-owned entities
Disagreements over a basic income grant, labour law reform and how to save the economy mean consensus is still far off. But trade-offs – and political shifts – will eventually have to be made for there to be any hope of real change
The document, drafted ahead of the governing party’s policy conference later this year, poses the need for broader public-private collaboration
Montana testified that ‘unqualified’ Mthimkhulu was the right engineer for the state rail agency, despite his acquisition of allegedly faulty locomotives
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
The first of three reports to be handed to the president outlines how misrepresentations by the former SAA board chairperson cost the airline R800-million
The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances
Ramaphosa needs to build broad political consensus if he is to have any chance of pursuing his fiscal and structural reform agenda
The former public enterprises minister says he was deliberately removed from state companies’ dealings and could not have learned of the looting
It’s a history littered with lessons and crumbs of what was to become the SAA privatised
Takatso consortium will now own 51% of the airline and the state 49%
The minister addresses the future of the country’s state-owned entities and speculation they may be moved from his portfolio
The president focuses on the economy and Covid-19 in his 2021 Sona, but his pledge of SA’s rebirth is undermined by corruption and factionalism
To start, communicators must provide those in charge with reputational counsel about the impact of their actions on the organisation
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
We cannot return to the pre-coronavirus crisis of unemployment, inequality and poverty. There is a moral incentive for the rich to give up some of their wealth and for the salaries of top earning civil servants, employees at state-owned entities and in the private sector to be cut