Public enterprises minister Malusi Gigaba wants all parastatals to be brought under his department to drive economic growth, he told the Sunday Times at the weekend. His department currently controlled eight parastatals, including SAA, Transnet, Eskom and Denel. With the exception of Broadband Infraco
Communications minister Roy Padayachie has assured the JSE that it will not seek any special rights over Telkom that are in violation of the bourse’s rules and regulations
Where will the money come from? This is the key question arising from confusion over cabinet’s decision to “support” — as opposed to authorise — a proposed additional R20bn for power utility Eskom.
Africa’s largest mobile phone operator MTN is planning to sell 4% of the company’s equity to black investors in what could prove to be the largest broad-based empowerment deal in SA’s telecommunications industry. MTN’s empowerment deal was expected to happen last year with the unwinding of the Alpine Trust-owned investment company Newshelf 664.
