Johannesburg - The new leadership at Telkom is dramatically cleaning its house of “legacy issues”. Not only did the group announce the write-off of R12bn in defunct assets, it also settled its second case with the competition authorities, making far-reaching commitments to level the playing field in South Africa’s telecommunications market. Add a comment
The Small Enterprise Finance Agency (Sefa) has set aside close to R2bn to fund youth-led businesses, Economic Development Minister Ebrahim Patel told MPs on Tuesday.
Add a comment
SOUTH African Airways (SAA) has postponed its bond issue in favour of borrowing the R1.5bn it needs from two banks, until after the airline’s turnaround plans have been adopted by the Cabinet, the group’s chief financial officer Wolf Meyer says. Add a comment
THE South African Airways (SAA) long-term turnaround strategy needs a new capitalisation plan. SAA, which announced the appointment of Monwabisi Kalawe as CEO on Friday, has for many years blamed its woes on under-capitalisation by its shareholder, the government. Add a comment
THE Department of Public Enterprises is considering the "immediate integration" of all of the state’s aviation assets into a single company that will act as a holding company, according to a statement inadvertently released to the media on Friday. Add a comment
