DPE: SAA’s BRP success depends on financial health of subsidiaries The Department of Public Enterprises (DPE) on Wednesday briefed Parliament’s select committees on appropriations and public enterprises on how R2.7 billion will be spent on the subsidiaries. Picture: 123rf.com
3 hours ago
CAPE TOWN - The success of South African Airways (SAA)’s business rescue plan (BRP) depends on the financial and operational health of its subsidiaries Mango, Air Chefs and SAA Technical, Parliament has been told.
The Department of Public Enterprises (DPE) on Wednesday briefed Parliament’s select committees on appropriations and public enterprises on how R2.7 billion would be spent on the subsidiaries.
Cosatu wants the South African Reserve Bank (Sarb) to further lower the repo rate by 50 basis points when its monetary policy committee next meets, and for commercial banks to “come to the party” in helping make credit affordable.
Ramaphosa: Mkhize matter won t be swept under the carpet Two of Heath Minister Zweli Mkhize’s close associates are in the Special Investigating Unit’s (SIU) crosshairs over an irregular contract between the department of health and the company, Digital Vibes. President Cyril Ramaphosa at a media briefing on 3 June 2021. Picture: GCIS
one hour ago
CAPE TOWN – President Cyril Ramaphosa has made it clear that he would be taking no rash decisions when it came to the scandal engulfing his Health minister, Zweli Mkhize.
Ramaphosa fielded questions from reporters after replying to the debate on the Presidency’s budget vote in Parliament on Thursday.
Mkhize cooperating fully over Digital Vibes scandal, says Ramaphosa The Special Investigating Unit (SIU) was investigating allegations involving two of Mkhize’s close associates and a R150 million, irregular contract between the company and the Department of Health. Health Minister Zweli Mkhize at an inter-ministerial briefing on 24 March 2020 detailing how government will respond ahead of and during the 21-day lockdown announced by President Cyril Ramaphosa. Picture: Kayleen Morgan/EWN.
3 hours ago
CAPE TOWN - President Cyril Ramaphosa said that he had talked to Health Minister Zweli Mkhize about the Digital Vibes scandal.
The Special Investigating Unit (SIU) was investigating allegations involving two of Mkhize’s close associates and a R150 million, irregular contract between the company and the Department of Health.