State owned enterprises
JUDITH FEBRUARY: There’s simply no silver bullet to fix SA’s economy
South Africa talks far too much and does far too little. The time for endless discussion on economic policy must surely be over, writes Judith February.
State-owned South African Airways has limped along for a decade thanks to regular government bailouts.
This comes after 86% of creditors earlier on Tuesday voted to adopt SAA's business rescue plan.
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.
EWN has compiled a list of its most-read opinion pieces for the first 11 months of the year.
Traditionally, the trade union federation has been vehemently opposed to any kind of privatisation.
This is despite the organisation’s spokesperson being quoted in the 'City Press' newspaper as saying the federation believes some non-performing SOE’s could benefit from partial privatisation.
How hard, or even impossible, is it for senior ANC members to take the high road when it comes to matters of principle, asks Judith February.
Treasury officials on Wednesday detailed a raft of conditions the debt-ridden power utility must meet at a joint meeting of Parliament’s standing and select committees on appropriations, which are considering the bill.
Lawmakers debated the issue in the National Assembly on Tuesday. While most opposition parties slammed the idea, both the ANC and the EFF backed it.
The president said there was no provision in law requiring the disclosure of funding for internal party leadership contests.
The union explained the action wasn’t a tax boycott but a host of legal instruments to call the state and tax plunderers to account.
On Monday, the military and aerospace equipment producing company told workers that it might not be able to pay their salaries on time this month.
The board is now tasked with searching for a replacement for outgoing CEO Vuyani Jarana who will leave the state-owned entity by the end of August.
David Mabuza was asked about Tito Mboweni’s call for the privatisation of some SOEs while answering questions in the National Assembly on Tuesday.
Transnet board chairperson Popo Molefe says it’s not yet clear how long it will take to completely eliminate corruption at Transnet.
President Cyril Ramaphosa says that his ministers, including Pravin Gordhan, have been shocked at the condition of SOEs.
Former South African Airways (SAA) board chairperson Cheryl Carolus says that Malusi Gigaba left the local airline in a shocking state of paralysis when he was moved from the Public Enterprises ministry.
South Africa can't afford its national airline anymore -- nor can it afford to close it down. What's the next step?