Browsing: Pravin Gordhan

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R1,9bn for SKA, MeerKAT telescopes

The Square Kilometre Array (SKA) and MeerKAT radio telescope projects have been allocated R1,9bn over the next three years, according to the 2013 national budget tabled by finance minister Pravin Gordhan on Wednesday. A large portion of the international SKA project

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Guptas foil SABC’s news plans

The SABC has been left red-faced over the loss of its planned 24-hour news channel on DStv after the well-connected Gupta family seized the gap. Few at the SABC appear to have been aware that the Gupta channel was even in the offing, although the broadcaster must have been in regular contact

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Summary: Gordhan’s 2012 budget statement

Government spending over the next two years will stick to the medium-term forecasts announced in February, finance minister Pravin Gordhan said on Thursday. In his 2012 medium-term budget policy statement, tabled in parliament, he said the third year (2015/16) would see

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Eskom concerned at downgrade

Eskom is concerned about its one notch downgrading by rating agency Standard & Poor’s, the power utility said on Wednesday. “Although Eskom’s credit rating remains investment grade, with the support of government, the recent downgrades by Moody’s and Standard & Poor’s are

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Telkom decision imminent – Pule

Communications minister Dina Pule on Wednesday told journalists that cabinet will finalise its decision regarding the future of Telkom either this week or by the “beginning of October”. Pule, who was speaking at the Classic FM Business

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Gordhan wants cool heads on e-tolls

Finance minister Pravin Gordhan has called for cool heads to prevail in the Gauteng e-tolling saga, and said the government was seeking a win-win approach for all involved. “Theoretically, if the government wants to go and collect tolls tomorrow, it can go ahead and collect them, but that’s not the issue,” Gordhan told

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Telkom in limbo after cabinet meeting

Uncertainty continues to surround Telkom after a cabinet meeting on Wednesday where the company’s future was meant to be debated. Communications minister Dina Pule said last week that she would present three options for the company’s future to cabinet, which is government’s highest-level

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Telkom soars ahead of cabinet meeting

Telkom’s share price was trading up by more than 5% in mid-afternoon trade on the JSE on Monday ahead of a cabinet meeting scheduled for Wednesday at which communications minister Dina Pule is expected to set out three strategic options for the fixed-line telecommunications operator. The share

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Concourt hears e-tolls case

The constitutional court will hear arguments on Friday as to why it should overturn an interim interdict preventing e-tolling in Gauteng from going ahead. According to the interdict granted by the high court in Pretoria on 28 April, a full review first needed to be carried out before electronic tolling of Gauteng’s highways

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Gordhan takes e-tolls case to concourt

Finance minister Pravin Gordhan has made an unusual appeal to the constitutional court in a bid to set aside the high court order halting e-tolling, according to reports on Wednesday. In an affidavit, he warns that SA would face a dark economic future if the order was not set aside urgently. According to

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