South Africa will use money from the sale of broadband spectrum and mining royalties to establish a R30-billion sovereign wealth fund, finance minister Tito Mboweni said.
Browsing: top
The SABC is expected to get the remaining R1.1-billion of its R3.2-billion bailout by the end of next month, national treasury said on Wednesday.
Finance minister Tito Mboweni will present the 2020 national budget in parliament on Wednesday, starting at 2pm. Watch the livestream of the minister’s speech here.
Haemorrhaging cash and drowning in debt, South Africa’s state power utility is trying to persuade the energy regulator to allow it to raise its prices to offset lower-than expected sales and unforeseen expenses.
A labour union is trying to prevent Telkom from continuing with a plan to cut as much as 20% of its workforce to cope with falling sales in its landline business and a weak South African economy.
Mango will halt all flights to and from Lanseria at the end of March 2020. This comes as parent SAA will cease all domestic flights with the exception of a limited service to Cape Town at the end of February.
Arguments that the largest digital token acts as a place of shelter during market turmoil diminished this week as bitcoin slumped amid an intense bout of equity-market selling.
MultiChoice has strongly criticised former communications minister Yunus Carrim, who on Tuesday told the Zondo Commission of Inquiry into state capture that a controversial 2013 channel supply agreement between MultiChoice and the SABC amounted to “policy capture”.
Eskom is battling to keep all the units of its biggest operational power plant open after being served with a compliance notice by South Africa’s environment ministry because of its high levels of air pollution.
It’s high noon for the future of e-tolls. A final decision on the controversial Gauteng tolling scheme is expected to be made in Wednesday’s budget speech.