Let some State Owned Enterprises fail – Ann Bernstein
Ann Bernstein lists the key things to watch out for in the medium term budget and it centres on spending plans, the government wage bill and who would be in charge of scarce resources.
State Owned Enterprises
Even staff’s 15% pay cut isn’t helping Denel overcome debt mush
This story outlines just how much Denel requires and how its troubles are impacting staff who’ve taken a 15% pay cut to help their company stay afloat.
SOE-rescue; Climbing Everest without oxygen
And SOE it goes: As turnaround plans stumble, SABC is the latest entity to face financial point of no return.
SARB won’t bail out SOEs; or print money – Kganyago
South Africa’s central bank won’t bail out the country’s troubled state-owned companies including power utility Eskom because it would fuel inflation.
đź”’ Worldview: Cyril, please tear up the old recipe and find a new one
David Pilling writes in the Financial Times that while corruption and the state-owned enterprises are important, Cyril Ramaphosa needs to find a way in the next five years to make South Africa a fairer place.
Tito seeks endorsement of targeted State sell-offs
Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances.
Executive summary of 2019 National Budget Speech
To emphasise the biblical theme of a lean year, Mboweni drew three times from the Old Testament, further illustrating the change since his October mini budget.
Give us three years to wipe out our crippling losses – SAA execs
At least the new SAA leadership are facing up to reality without blaming anyone publicly, not even their predecessors.
So many variables – so much at stake; economic risk review
In 2018, South Africa got a new president, two new finance ministers and slumped into a recession. Next year may be even more bumpy.
Counting the wider costs of State Capture – Gordhan
South Africa’s recovery from corruption at its state-owned companies requires thorough reform and punishing those responsible, according to Public Enterprises Minister Pravin Gordhan.