insert_link South Africa SA’s Public Enterprises minister Pravin Gordhan has defended the need for confidentiality on the South African Airways-Takatso Consortium deal SA's Public Enterprises minister Pravin Gordhan has defended the need for confidentiality on the South African Airways-Takatso Consortium deal. Parliament's portfolio committee on Public Enterprises has been in a tussle with the minister over access to a list of documents on the deal. In 2021, Takatso was announced as the preferred equity partner to buy a 51-percent stake in SAA, while the government kept a 49-percent stake. Gordhan says there […] todayMarch 7, 2024 18
insert_link South Africa Democratic Alliance in South Africa Raises Concerns Over State-Owned Enterprises’ Financial Woes The DA in South Africa expresses distress over the financial challenges faced by state-owned enterprises following the National Treasury's release of the third-quarter government expenditure report. Eskom, set for a substantial bailout, reports a significant loss, while municipal debt rises sharply. Troubled entities include the Land Bank, South African Airways, Transnet, and Denel. The DA warns against the ANC's bailout strategy, citing potential threats to fiscal sustainability, essential services, and […] todayFebruary 15, 2024 24
