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Denel’s finances remain vulnerable, but money incoming

In March, Denel received R1.8 billion from National Treasury, which is withholding another R1.5 billion while Denel proceeds with the sale of remaining non-core...

R1 billion injection for Denel from medical fund

Public Enterprises Minister Pravin Gordhan has revealed that nearly R1 billion held in a medical fund is becoming available to Denel, which can use...

Denel to get bailout, but with conditions

Finance Minister Tito Mboweni has announced that Denel, and other state owned entities, will be recapitalised, with billions in extra funding, but this will...

Swazi King puts high price on bailout: dissidents

Swaziland's King Mswati III, Africa's last absolute monarch, is personally funding a bailout of his government in a manoeuvre to acquire control...

South Africa throws Swaziland US$370 mln lifeline

South Africa has agreed to a 2.5 billion rand bailout for Swaziland to help it through a budget crunch that had prompted...

SAA: R1.6 billion bail-outs but still R307 million spare for sports

A parliamentary reply from the Department of Public Enterprises (DPE) discloses that despite facing ongoing financial turmoil and requiring R1.6 billion in...