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Funding of SAA business rescue plan welcomed

Minister of Public Enterprises, Pravin Gordhan, has welcomed government’s commitment to provide R10.5 billion to finalise the Business Rescue Plan (BRP) and restructuring of...

No real change in defence budget

Miserly is probably the most apt word to describe the just over R2 billion increase Finance Minister Tito Mboweni “gifted” the defence budget when...

Cabinet backs establishment of new airline

Cabinet has expressed support for the establishment of a new airline and has backed the concerted efforts to mobilise funding from various sources that will...

SANDF facing another tough defence budget vote

The South African Department of Defence is facing more bad news in terms of its budget allocation. Although it has been granted an additional...

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...

Fifty-nine percent of defence budget is salaries

The need to reduce the number of people working in government service, including the national defence force, was forcibly brought home by Finance Minister...

Finance Minister joins AU Peace Fund

South African finance Minister Tito Mboweni has been appointed as a member of the Board of Trustees of the African Union Peace...

UN pays South Africa R700 million plus for peacekeeping

Tito Mboweni, the man President Cyril Ramaphosa called on to pull South Africa out of the financial quagmire the country finds itself...


Armscor in-house expertise can generate revenue

Sweating Armscor assets, mainly property, was at one stage trumpeted as the way to eventually ensuring financial independence for the State-owned defence and security...