Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development
The national power utility is heading for a second year of profits but experts say tariff hikes and state bailouts remain central to its financial recovery
Investigation by law firm Webber Wentzel finds no wrongdoing by black-owned YNF Engineering
Labour federations Cosatu and the South African Federation of Trade Unions have led calls for a budget that addresses massive unemployment and weak growth
Black economic empowerment has been transformative but it needs to be revisited to broaden its pool of beneficiaries
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
The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week
Operational inefficiencies and infrastructure neglect have led to logistical challenges costing the economy R1 billion daily in lost economic output
In one Special Investigating Unit inquiry, Denel was paid more than R8 billion by Armscor for 264 Badger vehicles but only produced a fraction of those
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
Sizani was appointed to lead the embattled SEO in February
The president said the fund would not be an additional burden to taxpayers because it would be financed by dividends from ‘well managed’ state-owned entities
The proclamation by President Cyril Ramaphosa is an apparent about-turn from earlier plans that would have seen state firms fall under the control of his office
Can our new government address South Africa’s many crises, and respond to its citizens’ needs?
The Democratic Alliance insists that crucial SOEs such as Eskom should report to related ministries for better accountability
State-owned companies will have to disclose data on their highest and lowest paid employees in an effort to solve wage disparities and be more transparent
The president said he carried final responsibility for ensuring the executive functioned efficiently and his office had a proven track record of reform This content is restricted…
If it ruled, the party’s promotion of rightist free market fundamentalism would see industries such as vehicle manufacturing being destroyed
The minister’s conduct was called into question during this week’s national working committee meeting, sources said
The money will go towards clearing the airline’s historic debt and may not be the last downpayment
