Tag: Department of Public Enterprises
Deputy Public Enterprises Minister visits Denel as production restarts
Having received the latest R1.8 billion bailout payment from National Treasury and settling outstanding salaries, Denel is restarting production at its facilities as it...
Denel tells Parliament it’s optimistic about the future
With salary payments – at long last – up to date, Denel is cautiously optimistic about the future, going as far as telling a...
Public Enterprises ministerial team gives update on SOE turnaround plans
Public Enterprises Minister Pravin Gordhan concentrated on, for want of a better word, the “majors” when it comes to non- and under-performing State-owned enterprises...
Denel financial aid plans “afoot” – Gordhan
Public Enterprises Minister Pravin Gordhan maintains “plans are afoot to provide financial support” to troubled Denel.
He told Parliamentary questioner Elphas Buthelezi of the Inkatha...
Master Plan to expand Port of Durban
The Department of Public Enterprises has announced a master plan for the Port of Durban which will seek potential private investments of R100 billion...
Public Enterprises should assist SOEs Parliamentary committees hear
Denel, along with currently grounded national carrier SAA and embattled electricity supplier Eskom, are “problem children” for Public Enterprises Minister Pravin Gordhan and, by...
Interim SAA board announced
The Department of Public Enterprises (DPE) has announced an interim six-member South African Airways (SAA) board as the airline prepares to relaunch in 2021.
In...
South Africa gives national airline R1.5 billion, but administrators can’t use...
The South African government has transferred 1.5 billion rand to administrators for national airline South African Airways (SAA) but the funds cannot be used...
South Africa commits $650 million to airline SAA, administrator says
South Africa has pledged 10.5 billion rand ($650 million) to South African Airways (SAA), one of the administrators of the ailing state-owned airline said...
Government assesses interests in SAA
The South African government has received more unsolicited interests from private sector funders, private equity investors and partners for a future restructured South African...
DPE closer to implementing SAA rescue plan
With all the conditions for the implementation of the South African Airways (SAA) Business Rescue Plan met last week, the Department of Public Enterprises...
DPE urges pilots to accept SAA severance packages
The Department of Public Enterprises (DPE) has called on individual pilots to accept South African Airways Voluntary Severance Packages (VSPs) ahead of a crucial...
South Africa set to make SAA funding commitment, official says
The South African government is “on course” to provide a funding commitment for the restructuring of loss-making South African Airways (SAA), a senior official...
Unions called to finalise SAA restructuring plan
The Department of Public Enterprises (DPE) has called on unions to convene their own bilateral meetings to finalise the South African Airways (SAA) restructuring...
SAA liquidation means financial hardship, DPE warns
The Department of Public Enterprises (DPE) cautioned South African Airways (SAA) employees, labour unions and creditors that the liquidation of the airline will lead...
