Transnet said CEO of Transnet Pipelines Michelle Phillips will take over as acting CEO of the group after Portia Derby resigned.
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. ...
Denel continues to be mired in financial difficulty with National Treasury giving it R3 billion in bailouts in the current financial year.
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 is seeking private partners in the port and rail freight network by the end of the next financial year.
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 ...
However, the government had to step and bailout stare arms manufacturer Denel to the value of R2. 9 billion to cover its debt.
Enoch Godongwana makes his maiden budget speech as the new Minister of Finance.
Opinion: Finance Minister Tito Mboweni may be eccentric, but the country’s would-be acclaimed chef does give it like it is.
Finance Minister Tito Mboweni stood at a crossroads with a country on the brink of a debt crisis and more financial woes.
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. ...
Troubled national carrier SAA yesterday received a R3. 5 billion shot in the arm from the Development Bank of Southern Africa
Struggling national carrier SAA slumped into further crisis yesterday with the airline cancelling nearly 20 domestic and international flights.
The government has issued guarantees of more than R570bn in the past few years and Eskom carries most of the guarantees.
Finance Minister Tito Mboweni is under pressure from parties in Parliament to strike a balancing act in his Budget on Wednesday.
The finances of state-owned entities had deteriorated and remained a risk to the economy, auditor-general Kimi Makwetu warned.
AG's comments came after Finance Minister Tito Mboweni raised a similar concern in his Medium-term Budget Policy Statement in October.
Tito Mboweni walked into Parliament's media centre calmly as SA awaited his maiden Medium Term Budget Policy Statement speech with bated breath.
Minister Gwede Mantashe has drawn the praise of trade unions, economists and mining houses with the out-of the-blue declaration.
The government yesterday moved a step closer to opening SAA to partial private ownership.
Public Enterprises Minister Pravin Gordhan has vowed that consulting firm McKinsey will pay back R1 billion it owes Eskom for irregular payments.
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 yesterday called on Steinhoff to block any bonuses to its executives.
National airline SAA sunk further into debt for the nine months period to end December posting a R1 billion revenue shortfall.
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.