Department of public enterprises
Govt mulls over SAA’s draft business rescue plan
In their draft business rescue plan, the BRPs warned they would need billions of taxpayer money to save the failing airline.
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Gordhan expected to update MPs on developments with SOEs, including SAA
Public Enterprises Minister Pravin Gordhan is due to brief a joint virtual meeting of parliament’s committees charged with oversight of public enterprises at 6pm on Wednesday.
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DPE: Some jobs at SAA will not be saved by the new national airline
Government has proposed starting a new airline with both public and private owners that will employ most of the almost 5,000 SAA employees.
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SAA’s BRPs to produce plan for airline by next week: Dept of Public Enterprises
It's supposed to detail how government will form a new airline from the ruins of SAA, which will be shutdown.
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Over 600 jobs on the line following SA Express's provisional liquidation
SA Express was placed under business rescue in February and suspended its operations last month due to the COVID-19 outbreak.
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Numsa, SACCA ready for court to defend jobs at SAA
The union and the association claim workers have received threats of retrenchments and intimidation from business rescue practitioners at the national carrier.
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Portia Derby appointed as new Transnet CEO
Derby previously served as the director-general of the Public Enterprises Department and she'll be taking ove from acting CEO Mohammed Mahomedy.
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SAA says flights operating normally after bailout talks stall
Government officials are scrambling to work out how they can provide R2 billion ($138 million) of funds they promised when SAA entered a form of bankruptcy protection last month.
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Public Enterprises Dept in talks with Treasury over SAA bailout
It emerged last week that government had failed to honour the payment, which was part of an agreement reached when the national airline was put under business rescue.
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Mashatile: Eskom should be shifted to Energy Dept
African National Congress (ANC) treasurer-general Paul Mashatile said that the ruling party was committed to strengthening state-owned entities, with the energy sector identified as a top priority.
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Plans to merge SAA, SA Express & Mango to come before Cabinet soon
Merging the carriers has been on government’s agenda for years, as it would allow for routes to be rationalised and greater cost savings.
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Public Enterprises Dept: Eskom not on the verge of financial ruin
This despite the power utility having to turn to government to secure a R17.6 billion lifeline after the China Development Bank loan failed to come through.
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Officials were pressured to approve Denel Asia deal, Zondo Commission told
Kgathatso Tlhakudi said questions were raised about the potential conflicts of interest that would arise from the joint venture between Denel and Gupta-linked VR Laser which was based in Hong Kong.
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Dept: Eskom's capacity to build up power reserves has diminished
The Public Enterprises Ministry says that Eskom does not have the capacity to deal with the current power supply crisis on top of all its other troubles.
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Halt operations at Kusile, Medupi, maintain existing stations, say economists
Eskom is faced with aging infrastructure at most of its stations and has been struggling to complete construction at Kusile and Medupi.
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Eskom needs cash injection in 3 months or faces insolvency, Parly committee told
That's the cold hard fact contained in a presentation to Parliament's Public Enterprises Portfolio Committee.
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Eskom to use open cycle gas turbines until March, says dept
The Public Enterprises Department says that to accommodate anticipated planned maintenance, open cycle gas turbines will be needed for most months until March 2019.
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Public Enterprises Dept: Fiscus no longer able to extend bailouts to SAA
SAA is to receive an R5 billion bailout from Treasury for immediate financial stability.
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Dept: SA in talks with Saudi Arabia over buying a portion of Denel
According to reports, Minister Lindiwe Sisulu told a briefing last week that the Saudi government has shown interest in getting a stake in the ailing parastatal.
