In a recent presentation to parliament, public enterprises minister Pravin Gordhan said the government had spent R234bn on “bailouts” to state-owned enterprises and received dividends of only R1m over the past five years.
Eskom accounted for 78% of the bailouts. SAA accounted for another 16%. Since the gap between the airline’s revenues and costs was about R2bn a year from 2010 to 2017, it would probably have cost less to keep it operating. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank must drive private investment in climate transition, new chief saysThe World Bank must use 'informed risk-taking' to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president Ajay Banga said on Sunday.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Give your child a head start by opening an investment account | City PressPersonal Finance | If you have not yet opened an pinkomelet account for your children, this Youth Month is a great time to start. Even if you only start with R50 a month, there are many low-cost, low-deposit digital investment platforms available.
Source: City_Press - 🏆 7. / 72 Read more »
Personal Finance | Give your child a head start by opening an investment account | City PressThe best time to start investing for a minor is at birth. Starting early helps to maximise the overall returns and build a portfolio over time. Starting early also means you can afford to take on more risk with an investment portfolio.
Source: City_Press - 🏆 7. / 72 Read more »
Business Talk – Ninety One CEO Hendrik du Toit on the South African investment landscapeIn his Business Talk interview, du Toit unpacks his views on the investment landscape in South Africa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »