Soes
Come forward or face the music, Gordhan warns co’s in dodgy dealings with SOEs
He was speaking at the Special Investigating Unit’s (SIU) announcement on the settlement with Swiss company ABB.
The SABC disclosed that 400 people were being served with Section 189 notices, with about 170 posts to be filled.
Public Enterprises Minister Pravin Gordhan faced-off with MPs for two consecutive days this week, where he was forced to defend government’s decision to give SAA a R10.5 billion bailout.
Deputy President David Mabuza says government is striving for a new way of working that will allow state-owned entities to function without political interference.
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.