Mbalula says no crisis, disruptions to SA flights will be resolved by end of the week

Chantall Presence|Published

The grounding of flights followed an audit by the SACAA more than a week ago at South African Airways Technical (SAAT).

SABC confirms to MPs it can't afford Rugby World Cup rights

Chantall Presence|Published

It would have cost the South African Broadcasting Corporation in excess of R400 million to broadcast the Rugby World Cup on television and radio.

Patel announces new partnership agreement with UK in case of no-deal Brexit

Chantall Presence|Published

A no-deal Brexit would see the UK leave the European Union without a withdrawal agreement in place.

Zim open to ideas on how it could become more investor friendly - Mnangagwa

Chantall Presence|Published

Zimbabwean President Mnangagwa said that for the most part, his country faced a unique set of challenges compared to his counterparts.

Pay up or remain grounded, Acsa tells SA Express

Chantall Presence|Published

Airports Company South Africa said in a statement that confidentiality prevented it from disclosing exactly how much SA Express owed it.

SA's troubled parastatals to be placed under curatorship as it receives billions in State funding

Chantall Presence|Published

Tito Mboweni is making good on his promise that cash-strapped state-owned companies receiving bailouts would be placed under curatorship.

Finance Minister Tito Mboweni confirms R59bn Eskom lifeline

Chantall Presence|Published

Finance Minister Tito Mboweni on Tuesday tabled a special appropriation bill in the National Assembly, allocating an additional R59bn to Eskom.

Ramaphosa orders cabinet intervention in go-slow SA ports

Chantall Presence|Published

The go-slow, which workers have embarked on to protest promotions at Transnet Port Terminals (TPN), has been ongoing for more than two weeks.

Forensic audit into sale of SA fuel stocks complete - Mantashe

Chantall Presence|Published

Between December 2015 and January 2016, South Africa?s strategic oil reserves were sold to several companies without due processes being followed.

#BUDGET2019: SA's revenue shortfall revised downward further

Chantall Presence|Published

The forecast for total tax collections in 2018/19 was R1. 3 trillion, and according to the budget review.

Irregular spend of national, provincial government SOEs up to R51bn and counting

Chantall Presence|Published

Irregular expenditure for national and provincial government departments, as well as SOE's audited by the Auditor-General amounted to R51bn.

'All we need is a government guarantee' - SABC board

Chantall Presence|Published

Banks were reluctant to assist the South African Broadcasting Corporation (SABC) with a loan without a government guarantee.

Municipal debt owed to Eskom is at a staggering R17bn

Chantall Presence|Published

The debt owed to Eskom by South Africa's municipalities continues to grow and had now reached R17bn.

#RamaphosaQandA: 'Selling SAA not an option'

Chantall Presence|Published

President Ramaphosa said government was still actively pursuing a private equity partner for SAA and possibly other state-owned enterprises.

'Ramaphosa had no choice but to fire Moyane'

Chantall Presence|Published

The committee said Ramaphosa needed to appoint Moyane's replacement "as soon as reasonably possible".

#MTBPS: Debt service costs to reach 15% of budget revenue by 2021

Chantall Presence|Published

The cost of servicing government debt continues to rise and will exceed estimates forecast in February by several billion rand over the next three years.

#MTBPS: Mboweni's maiden mid-term budget speech 'underwhelming' - EFF

Chantall Presence|Published

Economic Freedom Fighters (EFF) chief whip Floyd Shivambu described Tito Mboweni's medium-term budget policy statement as underwhelming.

#MTBPS: No money to fund shortfalls due to higher public sector wages

Chantall Presence|Published

The National Treasury will not allocate any money to fund shortfalls following the higher-than-expected salary increases.

#MTBPS: SA National Roads Agency to get R5. 8 billion bailout

Chantall Presence|Published

The cash-strapped SA National Roads Agency Limited (Sanral) is set to receive a R5. 8 billion cash injection from National Treasury.

#MTBPS: Hands off SA reserve bank, says Mboweni

Chantall Presence|Published

Finance Minister Tito Mboweni on Wednesday pleaded with detractors to stop attacking the independence of the SA Reserve Bank.

#MTBPS: SA growth forecast for 2018 revised down to 0. 7%

Chantall Presence|Published

National Treasury revised the economic growth forecast for 2018 downwards to 0. 7 percent from the 1. 3 percent predicted in February.

#MTBPS: VAT on white bread, cake flour, sanitary pads to be zero-rated

Chantall Presence|Published

Value-added tax on white bread flour, white cake flour and sanitary pads will be zero-rated from April 1 next year, Minister Tito Mboweni announced.

MTBPS: No honeymoon for Mboweni – Cosatu

Chantall Presence|Published

Cosatu says Finance Minister Tito Mboweni needs to present a clear plan on how government will "pull the economy from the doldrums".

I knew nothing about #VBSBankHeist before report – Ramaphosa

Chantall Presence|Published

President Cyril Ramaphosa on Monday rejected reports that he was aware of wide-scale looting at VBS Mutual Bank and had failed to act.

Arson attacks on Metrorail costs SA almost R700 million

Chantall Presence|Published

Prasa on Tuesday put its losses due to arson attacks on its Metrorail trains at R636 million over the past three years.