Government is pushing Eskom, the power utility with R419-billion in debt, to present a credible turnaround strategy before the 20 February budget presentation, a person familiar with the situation said.
Browsing: Tito Mboweni
The government is facing potentially unpopular decisions needed to fix state companies. So far, it’s shied away from hard choices.
Eskom wants government to absorb about R100-billion of debt as part of a rescue plan for the state-owned utility, according to a report, a move that will put further strain on already stretched state finances.
Cash-strapped power utility Eskom should rely on bond markets to raise the funds it needs rather than expecting bailouts from the government, finance minister Tito Mboweni said.
Finding R50-billion for a stimulus package is the unenviable task facing finance minister Tito Mboweni in the mid-term budget – and he’s only two weeks into the job.
President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene.
Former Reserve Bank governor Tito Mboweni lost R5 000 in an ATM scam at a petrol station in Midrand on Thursday afternoon. He recounted the incident on his Twitter account. “Just been
Communications regulator Icasa has denied some prominent South Africans radio licences. Icasa refused to grant a licence to Durban-based Capital Radio 604, of which former South African Reserve Bank governor Tito Mboweni’s investment holding company would have owned 40%, according to the Sunday
Iconic radio station Capital Radio 604, which broadcast to audiences in KwaZulu-Natal and beyond in the politically turbulent 1980s and 1990s, may soon be back on the medium-wave dial after being off air for the past 17 years. A group of investors, which includes