South African, African and global economic news | Fin24

WRAP: Matjila says Gupta-owned New Age ate Independent Media's advertising lunch

Jul 23 2019 10:07

The former CEO of the state-run asset manager says Independent Media was aiming to attract more government advertising after it was bought by Iqbal Survé's Sekunjalo.


    MPs slam Eskom appropriation bill as just another lifeline for failing entity

    Jul 23 2019 16:49

    Some members of Parliament have raised concerns that the 2019 Appropriations Bill does not include real amendments, saying it is just a means to provide another lifeline for Eskom.


    More financial support on the cards for SABC, Denel, SAA - Mboweni

    Jul 23 2019 14:26

    Finance Minister Tito Mboweni says once the 2019 Appropriations Bill is passed, government will be in a position to make allocations to support state-owned enterprises like the SABC, Denel and SAA.


    Mkhwebane report caused 'irreparable harm', Gordhan argues

    Jul 23 2019 13:58

    Minister of Public Enterprises Pravin Gordhan has argued that the remedial orders issued by the Public Protector in a report against him are "erroneous" and have caused "irreparable harm" to his reputation.


    WATCH: Will the UK leave the EU on October 31 with Boris Johnson at the helm?

    Jul 23 2019 13:31

    The UK had been due to leave the European Union on March 29. But when MPs rejected outgoing Prime Minister Theresa May's withdrawal deal EU leaders agreed to a six-month extension to the exit process until October 31.


    Mboweni's top 10 quotes on Eskom bail out and the 'significant cost to tax payers'

    Jul 23 2019 12:13

    Finance Minister Tito Mboweni has warned that additional funding of R59bn allocated to debt-ridden power utility Eskom will come at a 'significant' cost to the fiscus.


    More money for cash-strapped Eskom but with strict conditions, says Mboweni

    Jul 23 2019 10:53

    Finance Minister Tito Mboweni on Tuesday tabled a Special Appropriation Bill for Eskom, which will see the debt-ridden power utility benefit with an additional allocation of R59bn in funding.


    Woman who championed SA renewable energy ousted

    Jul 23 2019 08:32

    Karen Breytenbach, who oversaw the expansion of South Africa’s privately owned renewable energy projects, said she was asked to vacate her job about nine months before her contract expires.


    'Rogue unit' report: Gordhan, Mkhwebane to square off in court

    Jul 23 2019 06:30

    The North Gauteng High Court is set to hear an urgent application by Public Enterprises Minister Pravin Gordhan challenging the implementation of the Public Protector’s remedial actions against him.



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