CARTOON: SAA in ICU
Dr Jack & Curtis
Minister Pravin Gordhan is expected to face a barrage of queries about SAA after the government said it intended to create a new state airline that was “financially viable”.
Public Enterprises Minister Pravin Gordhan is briefing a joint virtual meeting of Parliament’s committees charged with oversight of Public Enterprises on developments in state-owned enterprises, 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.
A summary of bailouts of state-owned enterprises (SOEs) over the last 12 years shows how the government has allocated R162 billion to financially distressed SOES.
Finance Minister Tito Mboweni is delivering his Budget Speech in the National Assembly.
In his traditional pre-Budget briefing in Parliament on Wednesday afternoon, Finance Minister Tito Mboweni made it clear – it’s time for a reality check, and it’s time to make sacrifices.
The party released its proposals in Parliament on Monday just days before Finance Minister Tito Mboweni tables his much-anticipated Budget on Wednesday.
Outa on Friday made its submission during the public hearings on the 2019 Adjustments Appropriation Bill and the 2019 Medium Term Budget Policy Statement.
The union federation said SOEs were in a crisis and in need of sober analysis and national debate.
Many state-owned enterprises are in a shambles. They have long been mismanaged and they rely on bailouts for survival.
Kimi Makwetu said the 14 SOEs notched up R1.4 billion in irregular expenditure but warned this figure could rise as four of them could not make full disclosure on this.
On Friday, Denel received $118 million cash injection from the government to stem a deepening liquidity crunch.
Last week, members of the committee travelled to Johannesburg to visit South African Airways, South African Express, Denel and Eskom.
The committee concluded its week-long oversight visits at the Department of Public Enterprises and at SOEs, including South African Airways, Denel and Transnet in Gauteng on Saturday.
The paper will among others, identify options to resolve the power utility’s excessive debt and outline the process that will be undertaken when the company restructures its units to ensure a just transition.
Pravin Gordhan launched urgent court action to suspend the Public Protector’s remedial action and to have her report on the Sars intelligence unit reviewed and set aside.
EWN sat down with Social Development Minister Lindiwe Zulu and spoke about the issues being faced at state-owned enterprises, including SAA.
If there is no plan to fix that which makes the SOE door a revolving one, South Africans will never appreciate why we need to keep pumping billions into these entities, says Fikile-Ntsikelelo Moya.