Mail & Guardian
Mail & Guardian
department of public enterpriseslatest news & developments
The national carrier SAA emerged from three years under business rescue in April last year, thanks to a R10.4 billion bailout. However, it is still grappling with the effects of a turbulent history marked by financial distress, operational problems and allegations of mismanagement. (Delwyn Verasamy/M&G)
BUSINESS

SAA-Takatso deal to be referred to SIU

The parliamentary committee on public enterprises has recommended that the SIU further investigate the matter to ensure accountability and transparency

  • Lyse Comins
7 min read
In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances
ARCELORMITTAL SOUTH AFRICA

Treasury grants Transnet R47 billion support package

R22.8 billion will be used to tackle urgent liquidity matters, such as settling maturity debt

  • Sarah Smit
4 min read
Former public enterprises minister Pravin Gordhan.
DEPARTMENT OF PUBLIC ENTERPRISES

I am an active SOE shareholder – Gordhan

The public enterprises minister responds to coverage about his conduct at state firms

  • Pravin Gordhan
6 min read
The national carrier emerged from business rescue in 2021 and reported its first profit in more than a decade
COMPETITION TRIBUNAL

Competition Tribunal approves Takatso Consortium takeover of SAA

Takatso will now own 51% of the national flag carrier while the government becomes the minority shareholder with 49% ownership

  • Anathi Madubela
1 min read
Public Enterprises Minister Pravin Gordhan.
ALF LEES

Gordhan refutes claims he knew about Eskom intelligence report

The public enterprises minister says the former Eskom board chairperson, Malegapuru Makgoba, misled and misinformed parliament and the public

  • Eunice Masson
4 min read
Public Enterprises Minister Pravin Gordhan. (Delwyn Verasamy/M&G)
DEPARTMENT OF PUBLIC ENTERPRISES

Government to lodge urgent appeal against load-shedding ruling

Gordhan said his department would challenge a ruling that gives the state 60 days to exempt hospitals, schools and police stations from power cuts

  • Eunice Masson
2 min read
The national carrier SAA emerged from three years under business rescue in April last year, thanks to a R10.4 billion bailout. However, it is still grappling with the effects of a turbulent history marked by financial distress, operational problems and allegations of mismanagement. (Delwyn Verasamy/M&G)
AFRICAN NATIONAL CONGRESS

Gordhan, suspended DG, to appear in parliament over SAA deal

Public Enterprises Minister Pravin Gordhan will be called to appear before parliament to respond to claims by suspended director general Kgathatso Tlhakudi of impropriety in the…

  • Paddy Harper
5 min read
Public Enterprises Minister Pravin Gordhan. (Delwyn Verasamy/M&G)
ANC
Video

Pravin Gordhan: ‘This job requires resilience’

In an interview, the public enterprises minister outlined the challenges implicit in turning around state-owned entities

  • Sarah Smit
7 min read
Three party leaders who previously spoke to M&G said they expected Ramaphosa to announce replacements for Transport Minister Fikile Mbalula
ALEC ERWIN

It’s clear that state-owned entities can’t be turned around by politics

With Eskom and most other entities in states of disrepair, the relevance of the department of public enterprises is questioned

  • Sarah Smit
9 min read
Gidon Novick (left). (Photo by Brenton Geach/Gallo Images via Getty Images)
AUDITOR GENERAL

SAA deal: Takatso confirms CEO Gidon Novick’s resignation

The consortium said Novick stepping down amid a conflict of interest would clear the path for the transaction to go ahead

  • Sarah Smit
1 min read
The treasury’s relaxation of procurement rules will allow the state utility to attend to its ageing power stations far quicker (Paul Botes/M&G)
DEPARTMENT OF PUBLIC ENTERPRISES

Eskom claws back control over ‘critical’ procurement

The treasury’s relaxation of procurement rules will allow the state utility to attend to its ageing power stations far quicke

  • Sarah Smit
3 min read
The expansion of the Port of Durban will cost approximately R100-billion over 10 years/ (Photo by RAJESH JANTILAL/AFP via Getty Images)
COMMODITIES BOOM

Ports authority puts feelers out for Transnet private investors

The expansion of the Port of Durban will cost approximately R100-billion over 10 years

  • Sarah Smit
4 min read
A Denel Rooivalk attack helicopter manifactured by South African Denel flies by during the Africa Aerospace and Defence 2016 fair at the South African air force Waterkloof base on September 15, 2016 IN Pretoria, South Africa. / AFP / GIANLUIGI GUERCIA (Photo credit should read GIANLUIGI GUERCIA/AFP via Getty Images)
BAILOUT

Denel aims to be sustainable within five years, but needs a bigger cash injection

The parastatal has struggled with financial constraints for some time, partly blamed on wasteful expenditure and the inability to create revenue

  • Chris Gilili
3 min read
Reality check: Pravin Gordhan has revealed plans to get state-owned entities into better order. Photo: Halden Krog/Bloomberg/Getty Images
BUSINESS RESCUE

Gordhan on SAA, political interference and moving SOEs out of his department

The minister addresses the future of the country’s state-owned entities and speculation they may be moved from his portfolio

  • Sarah Smit
6 min read
Former Eskom chief executive Andre de Ruyter. (Waldo Swiegers/Bloomberg)
ANDRE DE RUYTER

No retrenchments as Eskom forges ahead with unbundling

The power utility will keep the peace with organised labour, André de Ruyter has assured

  • Sarah Smit
3 min read
Former Eskom chief executive Andre de Ruyter. (Waldo Swiegers/Bloomberg)
AFFIDAVIT

Leaking De Ruyter’s affidavit countering racism claims was ‘malicious’ and reckless, says Scopa chairman

Mkhuleko Hlengwa has pointed to people in Eskom or the public enterprises department for making the document public

  • Eunice Masson
2 min read
Former Public Enterprises Minister Lynne Brown. (Esa Alexander/Gallo)
ANOJ SINGH

Brown resists Zondo’s notion that lack of oversight left SA in darkness

The deputy chief justice voices his exasperation that no solution to load-shedding is in sight, but former minister says oversight model is at fault

  • Emsie Ferreira
6 min read
Inadequate rail capacity has pushed more trucks, and costs, onto municipal roads, which are steadily deteriorating. (Waldo Swiegers/Bloomberg/Getty Images)
COVID 19

SOEs are ‘in a very difficult space’ as Covid-19 adds to their woes

The department of public enterprises touched on issues related to Covid-19 at its SOEs, as the acting director general briefed parliament

  • Eunice Masson
2 min read
The financially embattled SAA pulled a no-show on Tuesday, failing to attend a meeting with parliament’s standing committee of public accounts. (Delwyn Verasamy)
BLOCKED FUNDS

SAA in talks to recoup R350-million in blocked funds from Zimbabwe

The cash-strapped national carrier is in the process of recouping its blocked funds from Zimbabwe, which could go towards financing the airline’s business rescue plan

  • Thando Maeko
5 min read
SA Express employees beat out 16 other interested parties to buy a stake in the troubled state-owned airline.
BUSINESS RESCUE

Workers get their slice of SA Express

Proposals for how to carve up ownership of the airline could mean that the government will no longer hog the whole pie

  • Thando Maeko
4 min read