Browsing: Malusi Gigaba

Government’s Telkom sale may be off the table

Telkom CEO Sipho Maseko said on Monday that it appears government has backtracked – at least for now – on a plan to sell a portion of its stake in the telecommunications operator, though he admitted anything

Current affairs
VAT hiked to 15%

Government has proposed a one percentage point increase in the value-added tax rate to 15%. The increase was widely anticipated in tax circles as it is arguably the most effective way of raising significant amounts of

Current affairs
Taxes hiked as Gigaba targets debt

The ANC took a political gamble by increasing sales tax ahead of elections next year as new President Cyril Ramaphosa seeks to stabilise debt and prevent a third junk credit rating. The value-added tax rate will be raised

Eskom wants lending taps reopened

Eskom is wasting no time approaching potential lenders in the hope that Saturday’s board overhaul was enough to ease concerns about governance at the struggling utility. The company will ask banks for funding commitments to

Current affairs
Zuma’s time is fast running out

The clock is ticking on President Jacob Zuma’s scandal-ridden administration as his deputy, Cyril Ramaphosa, flexes his political muscles and shows he’s increasingly wielding state power to stamp out corruption and revive the

Gov’t said to want R4bn from Telkom share sale

South Africa is seeking to raise as much as R4bn from the sale of part of its 39% stake in Telkom to raise funds for the country’s unprofitable state airline and post office, according to two people familiar with the

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