SAA needs about R10.5 billion to restart. (Yunus Mohamed/Photo24) Government will provide initial funding to cover certain restructuring costs for SAA, says Minister of Public Enterprises Pravin Gordhan.SAA needs about R10.5 billion to restart - for workers severance packages, to pay creditors and cover operational costs.Ethiopian Airlines is allegedly seeking control, possibly in the form…
Public Protector Busisiwe Mkwhebane. Public Enterprises Minister Pravin Gordhan and Public Protector Busisiwe Mkhwebane are going head-to-head in court.The matter is concerning Mkhwebane's report on the establishment of an intelligence unit at SARS.It is being heard by the Gauteng High Court virtually.Judges have pressed the legal team of Public Protector Busisiwe Mkhwebane on whether she…
Public Enterprises Minister Pravin Gordhan (Picture: Getty Images) Public Enterprises Minister Pravin Gordhan's lawyers have argued there is no evidence he was complicit in the establishment of an illegal unit in SARS. His lawyer, Wim Trengove SC, said there was also no evidence of any illegal wiretapping, despite controversy around this.Gordhan has taken the Public…
Pravin Gordhan Jeffrey Abrahams, Gallo Images via Getty Images Public Protector Busisiwe Mkhwebane and Minister Pravin Gordhan went head-to-head in court.Gordhan's legal team argued that Mkhwebane had not shown any special circumstances for investigating the complaints against the so-called SARS "rogue unit". Gordhan's team also slammed Mkhwebane for allegedly abusing her powers and doing serious damage…
Minister of Public Entreprises Pravin Gordhan says they are not going to liquidate SAA and business rescue practitioners must turn it around. Photo by Misheck Makora Minister of Public Enterprises, Pravin Gordhan, said the government has yet to determine how the rescue of South African Airways will be funded. Public Enterprises and National Treasury said…
3 min read Huckberry's annual winter sale is here and runs through midnight, 2/8. Save up to 50% on jackets, pants, and layering options. The annual winter sale is one of Huckberry's biggest, and probably the last big savings event for a while. HUCKBERRY ONLY HAS a few major sales a year, but when they
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9 min read WHO IS WHITNEY Halberstram? In Industry's superlative fourth season, the new big boss of a splashy FinTech company, Tender, is still someone we're getting to know. Introduced in the season premiere and played by The Social Network star Max Minghella, Whitney is a bit of a cypher. While there are some concerns