Minister of Finance, Tito Mboweni (Photo by Gallo Images/Ziyaad Douglas) Gallo Images/Ziyaad Douglas National Treasury's loan guarantee scheme sought to assist businesses as lockdown conditions ease. The statement said by the first week of August, banks had provided voluntary relief on loans with a book value at risk of R537 billion. The statement said since…
Finance Minister Tito Mboweni (Gallo) Times Live / Esa Alexander/Gallo National Treasury said the Covid-19 loan guarantee scheme would be reviewed to be more accessible. The interest and capital repayment holiday were also extended. Turnover cap was replaced with a maximum loan amount of R100 million. Clients are now able to access the loan over…
Finance Minister Tito Mboweni says he has not authorised emergency funding for SAA from the NRF. (Photo: Gallo Images/Ziyaad Douglas) Gallo Images/Ziyaad Douglas Minister of Finance Tito Mboweni says he has not authorised the use of funds from the National Revenue Fund for emergency funding for the embattled flag carrier.He does not, however, exclude the…
Finance minister Tito Mboweni (Parliament of SA) Finance Minister Tito Mboweni says allegations by the DA that Treasury plans to fund SAA's business rescue process should be backed by evidence.Mboweni tweeted that the DA's urgent application for an interdict against Treasury using an emergency funding mechanism for SAA might be considered "trivial" by the courts.The…
A South African Airways aircraft on the apron of Frankfurt Airport in 2018. Silas Stein/picture alliance via Getty Images In a letter sent to the business rescue practitioners of South African Airways late on Wednesday evening, Minister of Public Enterprises Pravin Gordhan and Finance Minister Tito Mboweni have committed to obtain funding for the state-owned…
4 min read WHEN YOU'RE TELLING a horror story that's based around a family function or family dynamic, it's important to make sure you're getting the parents just right. Ari Aster's Hereditary, which came out in 2018, hit the nail right on the head, casting Toni Collette as the film's lead—and the increasingly unhinged (and
Dietitians regularly talk up the importance of having variety in your diet to make sure you hit your nutritional needs. But new research suggests that’s actually not helpful—at least, not when you’re trying to lose weight. The study, which was published in the journal Health Psychology, makes a strong case for sticking with the same
Can't see the audio player? Listen on: The Host The Trump administration this week missed a deadline to nominate a new director for the Centers for Disease Control and Prevention. Without a nominee, current acting Director Jay Bhattacharya — who is also the director of the National Institutes of Health — has to give up