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The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.
ABSA

Exclusive: Club Med deal exposes IDC governance failures

Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development

  • Hasina Kathrada
5 min read
Due diligence: The Mpati Commission found that the PIC had not always adhered to sound policies, processes and frameworks. Photo: Screenshot
ASSET MANAGEMENT

Hunt on for PIC’s lost billions

Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

  • Brian Sokutu
  • Thabo Shole-Mashao
8 min read
Former public enterprises minister Pravin Gordhan.
DEPARTMENT OF PUBLIC ENTERPRISES

I am an active SOE shareholder – Gordhan

The public enterprises minister responds to coverage about his conduct at state firms

  • Pravin Gordhan
6 min read
As modern life becomes more complex, the size of civil services grows — and so does the wage bill
CIVIL SERVANT WAGE BILL SA

Whiskey, car keys, teenage boys … and taxes

As modern life becomes more complex, the size of civil services grows — and so does the wage bill

  • Keith Bryer
6 min read
Former Minister of Public Enterprises Malusi Gigaba.
CENTRALISING

How to keep SAA, PetroSA, Eskom away from politicians

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.

  • Anathi Madubela
6 min read
Former public enterprises minister Malusi Gigaba.(Photo by Sharon Seretlo/Gallo Images via Getty Images)
ANTON MYBURGH

Gigaba says it was ‘an unfortunate coincidence’ SOEs were captured on his watch

The former public enterprises minister says he was deliberately removed from state companies’ dealings and could not have learned of the looting

  • Emsie Ferreira
5 min read
ASIAN CRISIS

The numbers don’t lie: Tito Mboweni must focus on the long game, experts say

Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech

  • Bonang Mohale
  • Hannah Marais
  • Nthabiseng Moleko
6 min read
Inadequate rail capacity has pushed more trucks, and costs, onto municipal roads, which are steadily deteriorating. (Waldo Swiegers/Bloomberg/Getty Images)
COVID 19

SOEs are ‘in a very difficult space’ as Covid-19 adds to their woes

The department of public enterprises touched on issues related to Covid-19 at its SOEs, as the acting director general briefed parliament

  • Eunice Masson
2 min read
Harith General Partners, one half of the consortium that will take over SAA, has come under scrutiny since the announcement of the national carrier’s new majority shareholder.
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.

  • Chris Gilili
3 min read
Mail & Gaurdian
ACE MAGASHULE

Editorial: SA’s sad tale wagged by ANC dogma

To all intents and purposes, the ANC is the government. It is South Africa. The policies made at Luthuli House decide where we go. The corollary of this is that anything bad in…

  • Editorial
2 min read
Aside from mounting a financial rescue operation at Eskom, the government will give another R1 billion to SAA before the end of the current financial year towards paying off the airline’s historical debt. (Delwyn Verasamy/M&G)
BOARDS

How can SOEs fix their reputations

To start, communicators must provide those in charge with reputational counsel about the impact of their actions on the organisation

  • Solomon Makgale
5 min read
The Supreme Court of Appeal (SCA) on Thursday overturned a much-criticised high court ruling in the early days of South Africa’s Covid-19 lockdown that struck down most of the restrictions imposed by the state as unconstitutional. (Delwyn Verasamy/M&G)
COST CUTTING

Fix economy: Cut, build, tax

Expert panel presents a range of solutions to the economic crisis that include cost cutting, infrastructure spending and a solidarity levy

  • Thando Maeko
3 min read
Eskom will be freed from borrowing more money for its operational needs and capital requirements for the next five years because of the government’s debt relief package and the tariffs approved by the national energy regulator, Nersa. (Photo: Gustav Butlex)
ALAN MUKOKI

Businesses should use alternative energy sources, industry bodies advise

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…

  • Tshegofatso Mathe
5 min read