National Assembly approves Appropriations Bill to fund ailing SOEs
Wrapping up debate on the bill on Tuesday, Finance Minister Tito Mboweni warned that the country's debt to GDP ratio was at an 'unacceptable level' and put the country at serious risk.
[UPDATE] Bailouts for SOEs to come in chunks - Mboweni
The bailout money for the SABC, Denel and SAA would come from the contingency reserve account but Finance Minister Tito Mboweni said it came with strings attached.
Mboweni: Eskom's financial crisis exposes entire economy to risk
The Special Appropriations Bill in Parliament, which provided for Eskom to get R59 billion of the R230 billion the government has pledged in support over the next decade.
Mboweni: Eskom not currently financially sustainable, needs extra R59bn
Finance Minister Tito Mboweni warned the money for Eskom would come at significant cost to the fiscus and taxpayers alike, especially as preliminary indications show tax revenue would be less than budgeted for in February.
Ramaphosa: I know Gordhan to be a person of commitment and integrity
Replying to the debate on his budget vote, the president was unequivocal in his support for Pravin Gordhan.
Ramaphosa: I am ready to testify at Zondo Commission
President Cyril Ramaphosa told Parliament that nobody was above the law and that that includes himself, Public Enterprises Minister Pravin Gordhan and EFF leader Julius Malema.
Ramaphosa charts a new course for his administration
President Cyril Ramaphosa was drawing a line between his administration and that of Jacob Zuma’s – pressing for a joined-up government that works in concert across all spheres.
Mthembu says Gordhan being targeted by EFF for cleaning up SOEs
This came after EFF leader Julius Malema attacked Ramaphosa for what he called 'tendencies' to defy the office of the Public Protector by “protecting” Gordhan.
What the DA, EFF had to say to Ramaphosa during budget vote debate
DA leader Mmusi Maimane called on Ramaphosa to confirm that he would testify before the Zondo commission of inquiry into state capture, which has been hearing testimony from former President Jacob Zuma.
President Ramaphosa pays tribute to Johnny Clegg
Ramaphosa also recognised the late ANC veteran Ike Maphoto and the actress Nomhle Nkonyeni as well as Marc Batchelor and former Springbok rugby player, James Small.
Budget cuts affecting SANDF's operations, minister warns
Defence Minister Nosiviwe Mapisa-Nqakula on Tuesday presented the Department of Defence’s R50.5 billion budget at Parliament.
Modise warns truant ministers against missing Parly sittings
The speaker said Parliament does not hold the administration to account, but rather, the executive.
ANC unflinching on corruption - Lamola
Justice Minister Ronald Lamola said nothing stopped the officials from acting on any of the evidence that was so far emerged from the Zondo inquiry into state capture.
Cosatu: Appropriations Bill doesn't detail plan to deal with economic crises
Cosatu said given the fiscal, revenue, corruption and spending crises confronting South Africa, the Budget was 'underwhelming'.
Nzimande: NSFAS on much better footing since being under administration
By June, 500,000 students had been paid a total of about R9 billion, while just over 28,000 were still waiting for their allowances.
Gordhan says won’t be intimidated by EFF in wake of Parliament fracas
Public Enterprises Minister Pravin Gordhan said the EFF’s bid to try to prevent him from presenting his budget was a 'defence of state capture'.
Mboweni: Further bailouts for struggling SOEs can't continue
Finance Minister Tito Mboweni in his budget vote noted that various companies in the aviation and broadcasting sectors were making profits and providing good quality services.
ANC, opposition parties condemn EFF MPs for disrupting Gordhan speech
There was a tense stand-off as EFF MPs approached Public Enterprises Minister Pravin Gordhan at the podium instead of leaving, and parliamentary security staff were called in to remove them.