Lead South Africa

Maimane asks Ramaphosa to table terms, conditions of R33 billion Eskom-China loan in parliament

JOHANNESBURG, August  24  – Main opposition Democratic Alliance leader Mmusi Maimane said on Friday he had written to President Cyril Ramaphosa requesting that he table in Parliament within 14 days, the full terms and conditions of a R33 billion loan agreement state power firm Eskom recently signed with the Chinese Development Bank. In a statement, […]

Lead South Africa

Shame corporates who colluded with state capture into paying back money – Gordhan

PARLIAMENT, August 15 – Parliament should lead a campaign to shame big firms who were collusive in the state capture scandal to pay back money siphoned off South Africa’s parastatals, Public Enterprises Minister Pravin Gordhan said on Wednesday. “Civil cases take a long time. What about moral suasion?” Gordhan asked during a briefing to Parliament’s […]

In The News South Africa

Reported R59 billion bailout to SoEs will worsen debt levels and impact SA ratings, says DA

CAPE TOWN, August 13 – Reports of a proposed bailout for parastatals by cabinet, especially the South African National Roads Agency (Sanral), will worsen South Africa’s precarious debt levels and negatively impact the country’s national sovereign ratings, the Democratic Alliance said on Sunday. “Cabinet’s argument that a Sanral default will affect sovereign ratings is flawed, […]