The Public Investment Corp is willing to help Eskom resolve its debt crisis, finance minister Tito Mboweni said at the Bloomberg Capital Markets Focus virtual event.
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A joint venture led by technology group Gijima was disqualified from road management tenders because it drafted and dated a document on one day and had it validated by a commissioner of oaths the next.
The government has eased the terms of a R576-million bailout given to state defence company Denel for the financial year that ends in March 2021, officials said.
South Africa plans to slash its wage bill over the next three years, including a proposed pay freeze, as it earmarks massive expenditure cuts to reign in a soaring budget deficit.
National treasury has issued a request for proposals for a government tender to supply mobile services to government workers – and its main requirement is that they get completely uncapped mobile Internet access.
Finance minister Tito Mboweni will have to find money to help the economy recover from its longest recession in three decades and bail out state companies in a budget that’s projected to record the biggest shortfall since 1914.
Lobby group Business Leadership South Africa has listed key reforms it views as necessary to fast-track growth in a letter to finance minister Tito Mboweni before his medium-term budget policy statement next week.
MPs have heard how R44.4-million was channelled from Eskom’s contractors, through sub-contracted companies, to four Eskom officials, which has led to four arrests.
State-owned defence company Denel has asked for R3.8-billion in government financial support over the next three fiscal years, national treasury said on Friday.
Communications minister Stella Ndabeni-Abrahams has announced the release of the Fourth Industrial Revolution (4IR) Commission Report for public consumption and comment.