government bailout

DA happy, MK Party slams ‘nice English’ with no substance

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DA happy, MK Party slams ‘nice English’ with no substance

The Economic Freedom Fighters (EFF) has rejected the Medium-Term Budget Policy Statement tabled by finance minister Enoch Godongwana, saying it prioritises the racialised apartheid-style of economic growth. Godongwana tabled the MTBPS on Wednesday, 30 October, emphasising that the government is tightening its purse as state-owned enterprises will not get bailouts. POLITICAL PARTIES REACT TO MEDIUM-TERM … Read more

SOEs in financial distress despite billions of government bailouts

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SOEs in financial distress despite billions of government bailouts

The Democratic Alliance (DA) says the government’s endless bailout strategy of State Owned Entities (SOEs) has failed.  The sentiment comes after the National Treasury tabled the third-quarter government expenditure report to Parliament’s Appropriation Committee on Wednesday, 14 February.  TREASURY REPORT CONFIRMS SOEs ARE IN FINANCIAL DISTRESS The DA said the report confirms that multiple state-owned … Read more