DA hits out at Transnet's R47bn bailout: 'We need a fundamental change to SOEs'
National Treasury recently announced a R47 billion support package for Transnet as it faces a raft of financial and operational challenges.
Source: ewn.co.za
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Transnet given strict conditions for R47 billion bailout
The rail, port and pipeline company was given a lifeline on Friday when Treasury conceded to a request by the Department of Public Enterprises.
Source: ewn.co.za
Godongwana: Treasury won't bail out Transnet until it's seen a turnaround plan
Transnet was singled out in his Medium-Term Budget Policy Statement (MTBPS) as one of the major contributors to the sluggish economy that’s led to an under-recovery of revenue to fund the country’s budget.
Source: ewn.co.za
'State capture had a devastating impact on our SOEs'
Professor Mark Swilling was responding to the measures put in place to strengthen SOEs announced by Finance Minister Enoch Godongwana during his budget speech on Wednesday.
Source: ewn.co.za
Godongwana facing tough decisions on SOE bailouts, says economist
Chief economist at Econometrix, Azar Jammine, warned that if government reduced the bailouts, citizens may have to bear the cost.
Source: ewn.co.za