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Budget 2023: SAA, Denel, SA Post Office to receive billions in bailouts

Finance Minister Enoch Godongwana included, amongst others, an allocation of R1.1 billion to national carrier SAA to help it deal with historical debt during his budget speech. ....

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Looted SOE money will be found and used to benefit South Africans

Looted SOE money will be found and used to benefit South Africans - Gordhan
The minister said that well-operated and financially sound state-owned entities (SOEs) were crucial for infrastructure services like energy, transport and water – all necessary to grow the economy to serve all the country’s people.
FILE: Public Enterprises Minister Pravin Gordhan. Picture: Abigail Javier/EWN
58 days ago
CAPE TOWN – Public Enterprises Minister Pravin Gordhan said that the money looted from state-owned enterprises during state capture would be found and used to the benefit of all South Africans.
He’s described SOEs as the “honey pots” of state capture, but said that there were plans to repurpose them. ....

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