Eskom has received nearly half a trillion rand in bailouts since loadshedding began
Eskom will have received close to half a trillion rand in state support almost two decades since it started.
state bailouts
The private sector can solve SA’s electricity problems
The solution to the electricity shortage issue is straightforward: Let the private sector participate in the generation of electricity.
SAA nearly ‘solvent and liquid’, but employee payment issues remain
Questions over the future viability of state airline SAA remain as the Covid-19 crisis continues to slow down demand, reports Bloomberg.
Flash Briefing: Taxpayers cough up another R5bn for SAA staff; Bitcoin reaches $50,000; Glencore; Spar; Resilient
Taxpayers have forked out another R5bn so that SAA can pay severance packages to staff laid off as part of its rescue plan, reports Reuters.
Land Bank on the brink – recovery plan rejected by Treasury
The Land bank of South Africa is back to square one as Treasury withdraws its debt guarantee, a cornerstone of its recovery plan.
Bailout or bust for state-owned Land Bank
The Land Bank needs a R7bn government bailout to ease cash crunch, keep operating and meet needs of existing and prospective clients.
FinMin questions SAA bailout in late night musings
Tito Mboweni has questioned the need to keep the national carrier afloat, in late night musings on social media.
Treasury may announce additional funding for Land Bank, Denel
South Africa’s Treasury is likely to announce additional funding for state arms company Denel and the Land Bank in this week’s budget.
Chocolate bars and SAA
A question flagged up at the Thursday Noontime webinar this week on the state of rail in South Africa: “Is Prasa concerned that budget might be steered towards SAA?”
SOE parasites want fresh bailouts, blame it on Covid-19
Like many South Africans, OECD officials believe better enforcement of corruption offences will help to fix SOEs – and improve investor confidence.