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…
Kataza the baboon. Facebook / Baboon Matters The City of Cape Town has asked the public not to feed a baboon that has relocated to Tokai. The baboon, known as Kataza or SK11, is slowly being integrated into the Tokai troop. Video footage, however, shows humans feeding Kataza. The City of Cape Town has requested that Kataza…
As SA Rugby moves to determine which franchises will go to Europe in future, Rassie Erasmus has noted several potential benefits for the local game should that route be followed.The national director of rugby believes the high world rankings of Wales, Ireland and Scotland mean PRO Rugby is competitive and that fans will eventually identify…
(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…