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South Africa: Finance Minister On State-Owned Enterprises Bail Out Reports
Govt of SA, 25 September 2017
Minister of Finance Malusi Gigaba has noted with concern media reports that National Treasury wants to use R100-billion of the funds in the Public Investment Corporation (PIC) to… Read more »
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South Africa: Finance Ministry Dismisses 'Malicious' Pic Reports
SAnews.gov.za, 25 September 2017
The Ministry of Finance has refuted media reports stating that National Treasury wants to use R100 billion of the funds in the Public Investment Corporation (PIC) to bail out… Read more »
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South Africa: National Carrier Bailout with Pension Funds Unethical - Opposition
News24Wire, 24 September 2017
It's unethical to use citizens' hard-earned pension funds to rescue the failing SAA once again, the DA said on Sunday. Read more »
South African State-Owned Enterprises Facing Funding Crisis?
Official opposition party the Democratic Alliance has called for the dismissal of South African Airways chair Dudu Myeni over the "planned raid on pensioners' money" to salvage the national carrier and other bankrupt State-Owned Enterprises (SOEs). This comes as the Ministry of Finance refuted reports claiming the National Treasury wants U.S.$7.5 billion (R100 billion) of Public Investment Corporation funds to bail out struggling SOEs.
InFocus
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Allegations that Finance Minister Malusi Gigaba aims to dispose of 39.75% of government-owned shares in Telkom valued at nearly R14 billion ($U.S.1 billion) to bail out debt-ridden ... Read more »
