Govt state owned entities
Opposition parties dismayed by SAA’s costly allocation from govt
The DA says Finance Minister Tito Mboweni has abandoned his commitment to stop costly cash lifelines.
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Struggling SOEs ‘worse off’ due to COVID-19 lockdown – Phumulo Masualle
Deputy Public Enterprises minister Phumulo Masualle said Eskom’s financial position is weaker due to loss of revenue as businesses, municipalities and households battle to pay their bills.
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Ramaphosa meets with top executives of state-owned enterprises
President Cyril Ramaphosa’s meeting comes as the African National Congress on Tuesday described the situation at Eskom and South African Airways as a crisis, after the CEOs of both SOEs resigned.
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Mabuza believes SA’s SOEs on road to recovery
Deputy President David says government’s commitment to root out graft in state institutions is not just rhetoric, and this is the year government will turn the tide on corruption.
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Analysts criticise Gigaba for indecisiveness over ailing SOEs
Finance Minister Malusi Gigaba revealed that government is still planning to sell its stake in Telkom to aid ailing parastatals such as South African Airways (SAA).
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Maswanganyi initiates strategies in SOEs to ensure proper management
The Transport Minister says the presidential review commission identified several shortcomings in state-owned entities.
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Gigaba: Stabilising parastatals key to reigniting economic growth
The government has extended more than R450 billion in loan guarantees to help out ailing parastatals and Gigaba says this is a significant risk.
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S&P finger SoEs as factor in SA ratings downgrade
The ratings agency has reiterated many of South Africa's parastatals are too dependent on government for financial help.
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S&P flags SA govt funding to SOEs as risk
S&P Global says while it anticipates improved economic conditions for SA, the expected growth rate of between 1.3% and 1.5% remains disappointing.
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Lynne Brown: SOEs are not a drain on state coffers
The Public Enterprises Minister says the state-owned enterprises that fall under her department are helping grow the economy.
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Gordhan advised to focus on SOEs in Budget speech
An academic says wasteful expenditure by state-owned entities should be the focal point of the upcoming Budget speech.
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Concerns raised after Petro SA reportedly pays huge bonuses to top bosses
Staff at Petro SA were reportedly told that they would not be receiving bonuses for a second year in a row.
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SoEs and Gordhan, Hawks standoff still pose risk to SA’s rating
S&P Global says while it’s taken comfort from Treasurys’ targets, the political situation remains a concern.
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Govt takes aim at boosting state entities, economy
Yesterday, Zuma said government has taken measures to revitalise troubled state-owned enterprises.
