Bailout
Cabinet lauds progress made by SAA BRPs as workers continue salary protests
Unions have slammed the officials for failing to prioritise workers’ livelihoods as they work to implement their rescue plan.
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Ndabeni-Abrahams: SABC cannot be allowed to die a natural death
She said the broadcaster was critical to the country and must be predominantly funded through public means.
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'Do we really need a national carrier?' Mboweni stands by tweets on SAA
Tito Mboweni took to Twitter last week, asking whether South Africa really needed a national carrier.
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Give us one more chance, say SAA staff to citizens
Finance Minister Tito Mboweni has announced that government has allocated another R10.5 billion to the broke airline.
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Govt yet to respond to SABC’s plea for R1.5bn COVID-19 funding
The public broadcaster has struggled to manage their crumbling finances with the pandemic, the final nail in the coffin.
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DA seeks urgent court interdict to stop SAA bailout
The DA is arguing that another public bailout of SAA did not meet the definition of an unforeseen emergency, making relief unlawful.
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Treasury: Inability to give Land Bank R20bn loan not a sign of poor commitment
The bank’s in dire financial straits and defaulted on repaying R50 billion in loans in April.
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Eskom tells investors it doesn’t need to approach govt for help, for now
According to Bloomberg, chief executive officer Andre de Ruyter and chief financial officer Calib Cassim told investors, in a call, that the company needs to raise R89 billion this year.
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Busa: Cosatu plan to use pension funds to save Eskom mustn't affect taxpayers
Under the proposal, funds from the Unemployment Insurance Fund, Public Investment Corporation, the Development Financing Institution and Development Bank of Southern Africa entities would be used to service 50% of Eskom's over R400 billion debt.
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SAA to take ‘sensible’ measures to effectively utilise R3.5bn bailout
The Development Bank of Southern Africa has committed to giving the cash-strapped airline R3.5 billion of emergency funding.
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Development Bank of Southern Africa defends R3.5bn bailout to SAA
Last week, the wholly-owned government entity has pledged the lifeline injection to the struggling national carrier.
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Denel granted R1.8 billion bailout from Treasury
It also said an additional R1 billion bailout will be considered in 2020/21 budgetary process.
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[CARTOON] A Low Ebb
By Dr Jack & Curtis.
