Stay updated with breaking news from கே டேவிஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Public Enterprises Minister Pravin Gordhan gave MPs a brief update on efforts to recover some of the money lost when SOEs were hollowed out by state capture.
Eskom reduced debt by R83 billion, Gordhan tells MPs Public Enterprises Minister Pravin Gordhan said that managing Eskom’s debt was a key priority for the government as it tried to steer the power utility onto a sustainable path. Megawatt Park pictured on Johannesburg on 12 March 2015. Picture: EWN CAPE TOWN - Eskom’s mountain of debt has been reduced by R83 billion. Public Enterprises Minister Pravin Gordhan said that this meant that Eskom’s debt now stood at R401 billion, down from R484 billion. Gordhan was delivering his budget vote speech in Parliament on Tuesday. The minister said that managing Eskom’s debt was a key priority for the government as it tried to steer the power utility onto a sustainable path.
Mboweni warns of growing intolerance over ‘unimpressive’ local govt performance Finance Minister Tito Mboweni’s budget vote speech noted that ‘communities are mobilising against municipal ineptness and are turning to the courts for recourse’. FILE: Minister Mboweni said there had been an almost zero return on the billions of rand spent over the years trying to build capacity in municipalities. Picture: GCIS. CAPE TOWN – Finance Minister Tito Mboweni said decisive action was needed to stop the rot in municipalities. Mboweni dealt with the “unimpressive” performance of local government in his budget vote speech on Thursday. The minister said there had been an almost zero return on the billions of rand spent over the years trying to build capacity in municipalities.
‘The fiscal framework is sacrosanct’ – Mboweni speaks tough on govt spending Finance Minister Tito Mboweni is trying to avoid the country being swept up into a debt spiral from the headwinds of low economic growth, a revenue shortfall, and high debt and interest costs. Finance Minister Tito Mboweni delivers his Budget speech in Parliament on 24 February 2021. Picture: GCIS. one hour ago CAPE TOWN – Finance Minister Tito Mboweni has made it clear that he will not bend on curbing government spending, saying departments would have to find money within their own budgets for whatever they needed. Mboweni is trying to avoid the country being swept up into a debt spiral from the headwinds of low economic growth, a revenue shortfall and high debt, and interest costs.
Treasury opposed to Pension Funds Act changes allowing members access to loans Treasury was taking part in public hearings on the Pension Funds Amendment Bill which is aimed at giving people who find themselves in dire financial straits a chance to access their pension savings to ease their distress without first having to quit their jobs. Treasury Deputy Director-General Ismail Momoniat. Picture: @TreasuryRSA/Twitter 20 hours ago CAPE TOWN - National Treasury said that it was opposed to changing the Pension Funds Act to allow members to access a portion of their savings before retirement as a guarantee for a loan.
Pandor: SA to close 10 of its diplomatic missions abroad Minister of International Relations and Cooperation, Naledi Pandor, said the move was made necessary due to the financial constraints her department is facing. International Relations and Cooperation Minister Naledi Pandor addressed the media in Pretoria on 14 December 2020. Picture: @SAgovnews/Twitter 2 hours ago CAPE TOWN - South Africa is to close 10 of its diplomatic missions abroad. They include embassies, high commissions and consulates. Minister of International Relations and Cooperation Naledi Pandor on Thursday said the move was made necessary due to the financial constraints her department was facing. Affected missions include those in the Vatican, Peru, Finland, Oman, Romania and Chicago in the United States.
Release of spectrum should be settled out of court – Ndabeni-Abrahams The minister said litigation over spectrum and the licensing of WOAN – the wireless open access network – was hobbling South Africa’s economic recovery. FILE: Communications Minister Stella Ndabeni-Abrahams. Picture: Kayleen Morgan/Eyewitness News 3 hours ago CAPE TOWN - Communications and Digital Technologies Minister Stella Ndabeni-Abrahams said legal battles over the release of what's called spectrum should be settled out of court. She told Parliament on Tuesday the litigation was holding back the country’s economic recovery. “Spectrum, like the land question in South Africa, is a highly contested space…” The minister said litigation over spectrum and the licensing of WOAN – the wireless open access network – was hobbling South Africa’s economic recovery.
Treasury was taking part in public hearings on the Pension Funds Amendment Bill which is aimed at giving people who find themselves in dire financial straits a chance to access their pension savings to ease their distress without first having to quit their jobs.
Minister Nzimande to visit UCT today, weeks after devastating fire ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.