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State capture to blame for state of SOEs: Parly's public enterprises committee
An oversight report published this week follows recent visits and inspections of the key SOEs like the South African Airways (SAA), Denel and Transnet.
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Mboweni shrugs off NUM’s threats to shutdown Eskom
NUM wants the government to abandon its plans to split Eskom into three divisions, fearing that this will lead to its privatisation.
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More SOEs, govt depts fail to submit financial statements to Parly
SAA and SA Express are joined by state-owned mining company Alexkor and the Department of Cooperative Governance and Traditional Affairs, which have also failed to submit their reports.
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SA Express promises to make better use of R300m guarantee
SA Express will now have to live up to its assurances after National Treasury threw the airline a lifeline by granting it a R300 million guarantee.
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SA Express handed R300m lifeline
Last year, the state-owned entity was granted a R1.2 billion guarantee that it said was swallowed by historic debt.
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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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SA Express still needs more funding, says acting CEO
Acting CEO Siza Mzimela said the R1.2 billion bailout granted resolved solvency issues, but it didn’t resolve its working capital problems.
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There's hope for troubled SOEs, says parly committee chair
Last week, members of the committee travelled to Johannesburg to visit South African Airways, South African Express, Denel and Eskom.
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SA Express hopeful for R200m bailout from Treasury
Acsa lifted its three-day suspension of the airline on Friday after it made a partial payment on its R71 million debt.
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SA Express, ACSA agreement allows flights to resume
The airline ran into trouble when Airports Company of South Africa (ACSA) demanded some payment of its R71 million debt.
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Neo Solutions boss tells Zondo Inquiry accounting system was sabotaged
Vivien Natasen was implicated in money-laundering after accepting more than R9 million into his account from SA Express commercial manager Brian van Wyk. That money was stolen but Natasen insisted he had no knowledge of this fact.
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SA Express remains grounded over R70m debt to ACSA
The airline has been grounded after failing to service its R70 million debt to the Airports Company.
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Vusi Pikoli: SAA has resuscitated corruption cases against employees
SAA’s chief risk and compliance officer Vusi Pikoli said over the past seven months he has discovered the extent and impact of state capture at the airline.
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SA Express flights still grounded as no deal yet with Acsa
The airline grounded flights on Wednesday, citing operational reasons.
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SA Express resumes flights
Management cited operational challenges for the interruption on Wednesday.
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SA Express cancels several flights for operational reasons
SA Express said passengers who had been affected by the grounding of flights had been notified and alternative arrangements had been made.
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BUSANI NGCAWENI: The public sector must unlearn complacency
It is time for serious soul-searching, deep thinking and innovation from senior officials in the public sector, writes Busani Ngcaweni.
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Zondo reprimands lawyer for being disruptive during proceedings
Advocate Andre Pienaar, who is representing businessman Vivien Natasen, had on three occasions objected to the questioning of his client claiming the commission was casting aspersions against him.
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Natasen to Zondo: I didn’t know R10m from SA Express exec was obtained illegally
Neo Solutions director Vivien Natasen testified at the Zondo inquiry on Friday that he was approached by SA Express executive Brian van Wyk to keep R10 million for him, which he agreed to.
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Vivien Natasen clarifies the R10m from SA Express exec at state capture inquiry
Owner of Neo solutions Vivien Natasen has told the state capture inquiry that his company received R10 million from Brian van Wyk for a joint business venture in 2015.
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SA Express subcontractor at Zondo commission: I was used for shady dealings
Tlatsana who was the sole director of Koroneka Trading and Projects implicated SA Express manager Brian van Wyk in her testimony on Saturday.
