BizNews BizNews Radio

SAA bailout; SA Express could be sold - Tito Mboweni

Loading player...
Finance Minister Tito Mboweni announced in his medium term budget speech in Parliament that the government was talking with potential investors for South African Airways in an attempt to ease the burden that the airline is placing on the national budget. Mboweni said the government will repay loss-making SAA’s outstanding government-guaranteed debt of R9.2bn over the next three years. He said there needed to be a serious conversation in the months to the next budget in February and it should include a consideration of what to do with the state owned enterprises. The minister was also asked about how he thought the ratings agencies would view his budget. - Linda van Tilburg
  Learn more about your ad choices. Visit megaphone.fm/adchoices
30 Oct 2019 10AM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min
All episodes