Siyabonga Mkhwanazi

Western Cape Politics and Opinions Editor

Transnet appoints acting CEO after Portia Derby quits

Siyabonga Mkhwanazi|Published

Transnet said CEO of Transnet Pipelines Michelle Phillips will take over as acting CEO of the group after Portia Derby resigned.

Kganyago says they hope inflation rate will drop later this year

Siyabonga Mkhwanazi|Published

South African Reserve Bank Governor Lesetja Kganyago said they hope that the inflation rate may drop in the third quarter and this will lead to lower interest rates. ...

State arms manufacturer Denel gets R3 billion to dig itself out of financial hole with set conditions

Siyabonga Mkhwanazi|Published

Denel continues to be mired in financial difficulty with National Treasury giving it R3 billion in bailouts in the current financial year.

Sasria gets R22bn shot in the arm after civil unrest bought the insurer to its knees

Siyabonga Mkhwanazi|Published

Sasria is planning to increase its premium prices and look for new clients after the government gave it a shot in the arm of R22 billion to settle claims after the ...

Transnet seeks private partners for port and rail freight network

Siyabonga Mkhwanazi|Published

Transnet is seeking private partners in the port and rail freight network by the end of the next financial year.

Eskom gets R21. 9 billion bailout to help keep the power on, and lights burning

Siyabonga Mkhwanazi|Published

Finance Minister Enoch Godongwana injected another bailout of R21. 9 billion into Eskom as it struggles to meet its financial obligations, but flagged it would need ...

Godongwana takes tough love stance on struggling SOEs as they sit on large debt and low revenue

Siyabonga Mkhwanazi|Published

However, the government had to step and bailout stare arms manufacturer Denel to the value of R2. 9 billion to cover its debt.

Finance Minister Enoch Godongwana confidently follows in Tito Mboweni’s footprints albeit with 'less ugly’ shoes

Siyabonga Mkhwanazi|Published

Enoch Godongwana makes his maiden budget speech as the new Minister of Finance.

Borrowing from Peter to help pay Paul

Sechaba Nkosi and Siyabonga Mkhwanazi|Published

Opinion: Finance Minister Tito Mboweni may be eccentric, but the country’s would-be acclaimed chef does give it like it is.

Calm Mboweni instills hope on SA economy

Siyabonga Mkhwanazi|Published

Finance Minister Tito Mboweni stood at a crossroads with a country on the brink of a debt crisis and more financial woes.

Opposition parties warn SA’s woes have deepened after Mboweni’s MTBPS

Siyabonga Mkhwanazi|Published

Political parties warned that the country's economic woes have deepened with the increase in the deficit and more bailouts for state-owned entities, including SAA. ...

WATCH: DBSA provides R3. 5bn shot in the arm for SAA

Siyabonga Mkhwanazi|Published

Troubled national carrier SAA yesterday received a R3. 5 billion shot in the arm from the Development Bank of Southern Africa

WATCH: Cash-strapped SAA forced to cancel flights

Siyabonga Mkhwanazi|Published

Struggling national carrier SAA slumped into further crisis yesterday with the airline cancelling nearly 20 domestic and international flights.

Parliament cracks Eskom whip, demands stringent conditions for R59bn bailout

Siyabonga Mkhwanazi|Published

The government has issued guarantees of more than R570bn in the past few years and Eskom carries most of the guarantees.

#Budget2019 - Minister Tito Mboweni under pressure from opposition parties

Siyabonga Mkhwanazi|Published

Finance Minister Tito Mboweni is under pressure from parties in Parliament to strike a balancing act in his Budget on Wednesday.

Deteriorating SOEs pose risk to economy – Makwetu

Siyabonga Mkhwanazi|Published

The finances of state-owned entities had deteriorated and remained a risk to the economy, auditor-general Kimi Makwetu warned.

AG sends unsparing warning to SOEs – see full report

Siyabonga Mkhwanazi|Published

AG's comments came after Finance Minister Tito Mboweni raised a similar concern in his Medium-term Budget Policy Statement in October.

#MTBPS: Sincerity of Tito's maiden address strikes the right note

Siyabonga Mkhwanazi|Published

Tito Mboweni walked into Parliament's media centre calmly as SA awaited his maiden Medium Term Budget Policy Statement speech with bated breath.

Mantashe quashes vexing mining bill

Siyabonga Mkhwanazi|Published

Minister Gwede Mantashe has drawn the praise of trade unions, economists and mining houses with the out-of the-blue declaration.

SAA may get lift from a private partner

Siyabonga Mkhwanazi|Published

The government yesterday moved a step closer to opening SAA to partial private ownership.

Gordhan says McKinsey will pay back R1bn owed to Eskom

Siyabonga Mkhwanazi|Published

Public Enterprises Minister Pravin Gordhan has vowed that consulting firm McKinsey will pay back R1 billion it owes Eskom for irregular payments.

Coal rescue plan for Eskom

Siyabonga Mkhwanazi|Published

Eskom has assured Parliament there will be no load-shedding and its application for a confined tender to procure emergency coal has been approved.

Parliament calls on Steinhoff to block executives' bonuses

Siyabonga Mkhwanazi|Published

Parliament yesterday called on Steinhoff to block any bonuses to its executives.

SAA finances still in a downward spiral

Siyabonga Mkhwanazi|Published

National airline SAA sunk further into debt for the nine months period to end December posting a R1 billion revenue shortfall.

SAA in far deeper trouble

Siyabonga Mkhwanazi|Published

SAA is in a much deeper financial crisis than previously thought, with AG Kimi Makwetu reporting that it had suffered losses to the tune of R5. 5bn.