Govt again 'letting poor down, badly, callously, obscenely' says John Maytham
[VIDEOS] Police spray Sassa grant queue in Bellville with water cannons
'Eskom has again been grossly caught with their pants around their ankles'
Ramaphosa: We've learned from the PPE scandal, vaccines will be better managed
Can you get a new South African passport right now?
'Thank you Mr President for not shutting us down, but we need more support!'
Economy in 2021: 'Expect a better year for South African assets'
Retirement funds in SA are changing – new laws come into effect on 1 March 2021
Germany Covid-19 death rate now higher than US - considers 'mega lockdown'
Strained love relationships during Covid? Try to hang in there advises therapist
John Maytham's Book Reviews: 15 January 2021
Don't fall for promises of high returns from latest investment scam, warns FSCA
Rachel Kolisi has Covid-19. It is taking a toll on the kids, says Siya
Jurie Roux ordered to pay back R37m ‘misappropriated’ from Stellenbosch Uni
'What a moment of joy!' Siya pays surprise visit to fire-ravaged Masiphumelele
DJ Fresh and Euphonik silent on 'drugging and raping' allegations
Trevor Noah drops R412m on luxurious Bel-Air mansion - take a look inside!
Welshman offers local govt £50m reward to find fortune he tossed on rubbish dump
Covid-19 working from home spawns new virtual team-building trend
Chinese businesses and Namibian elites get rich illegally logging rosewood trees
Zimbabwe crisis: 'South Africa can intervene but solution lies with Zimbabweans'
Immigrants are net creators of jobs in South Africa, research confirms
'Disabled South Africans are sleeping on pavements outside Sassa offices'
Anoj Singh fails to testify at Zondo Commission - despite it being mandatory
We’ll find the money (R10.5bn)! We won’t allow SAA to die – Public Enterprises
The government won’t allow the liquidation of South African Airways (SAA), said Public Enterprises Director-General Kgathatso Thaludi on Monday.
It has, according to Thaludi, committed to providing “billions” of rands to restructure the state-owned airline and now needs to create a mechanism to channel the funds.
The “new” SAA needs more than R10 billion to take off.
The Department says that money will come from a reprioritisation in Finance Minister Tito Mboweni's adjustment budget next month – in the meantime, shortfalls will be covered by loans.
“We will not allow SAA to be liquidated,” said Thaludi.
“SAA shall be a stronger airline going forward to ensure that it performs the role of supporting the economy."
Arabile Gumede (in for The Money Show’s Bruce Whitfield) interviewed Peter Attard Montalto, Head of Capital Markets Research at Intellidex.
What to cut to fund this? Education? Maybe healthcare? Maybe provincial investment budgets?
Peter Attard Montalto, Head of Capital Markets Research - Intellidex
There are still gaps in the market… but not at these major hubs… The private sector can provide… There are many other options… I’m sceptical that anything beyond a small national airline is really necessary.
Peter Attard Montalto, Head of Capital Markets Research - Intellidex
Are creditors happy with this? Are banks happy to fund a possibly unsustainable airline?
Peter Attard Montalto, Head of Capital Markets Research - Intellidex
Political direction has finally been given from the top…
Peter Attard Montalto, Head of Capital Markets Research - Intellidex
Listen to the interview in the audio below.
More from Business
Economy in 2021: 'Expect a better year for South African assets'
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.
Read More
Retirement funds in SA are changing – new laws come into effect on 1 March 2021
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.
Read More
Germany Covid-19 death rate now higher than US - considers 'mega lockdown'
Germany has squandered its early success in restricting Covid-19, laments Deutsche Welle Correspondent Chelsey Dulaney.
Read More
Wine industry runs out of storage due to ban - R1.5b's worth could be lost
A new harvest is imminent and there's no more space for unsold wine. We have the highest stock level ever - Vinpro's Rico Basson
Read More
Don't fall for promises of high returns from latest investment scam, warns FSCA
A new scam is surfacing on Facebook and WhatsApp groups. The masterminds are even using the FSP number of a legitimate company.
Read More
'Thank you Mr President for not shutting us down, but we need more support!'
Loadshedding is another blow to the struggling restaurant industry. We need more relief says Grace Harding (Restaurant Collective)
Read More
Pick n Pay announces retirement of CEO credited with retailer's turnaround
Richard Brasher will be replaced by Netherlands-born Pieter Boone in April. A retail expert evaluates Brasher's performance.
Read More
Negotiations underway to bring back UIF Ters payments amid impact of second wave
Business and labour are pressing South Africa's government to introduce a new round of UIF Ters relief to mitigate the impact of the Level 3 lockdown.
Read More
Elon Musk threatens South Africa’s SKA telescope
Astronomers in South Africa are extremely unhappy about Elon Musk’s plans, says Jan Vermeulen of MyBroadband.co.za.
Read More
Prioritise drivers for vaccination against Covid-19 - National Taxi Alliance
It's a fact - minibus taxis are essential for the functioning of the economy. Lester Kiewit interviews Alpheus Mlalazi (NTA).
Read MoreMore from Politics
Govt again 'letting poor down, badly, callously, obscenely' says John Maytham
John Maytham vents about temporarily disabled people having to stand in long queues and getting water cannons fired at them.
Read More
[VIDEOS] Police spray Sassa grant queue in Bellville with water cannons
Journalist Saawmiet Moos in Belville describes people queuing for Sassa social grants sprayed with police water cannons.
Read More
Ramaphosa: We've learned from the PPE scandal, vaccines will be better managed
ANC President Cyril Ramaphosa says SA's vaccine rollout will be better managed to avoid any possible exploitation by what he calls crooks.
Read More
'Eskom has again been grossly caught with their pants around their ankles'
Energy analyst Ted Blom says Eskom doesn't report the additional shedding of VLS clients totaling an over 4000-megawatt shortfall.
Read More
Can you get a new South African passport right now?
W Cape Home Affairs' Sam Plaatjies says no, but the department has the discretion to renew passports on a case-by-case basis.
Read More
'Thank you Mr President for not shutting us down, but we need more support!'
Loadshedding is another blow to the struggling restaurant industry. We need more relief says Grace Harding (Restaurant Collective)
Read More
Lockdown violations: Do not sign admission of guilt form says lawyer
Nearly 300,000 people have been arrested for lockdown violations in SA since March 2020. Defence lawyer William Booth advises.
Read More
W Cape: 5000 lockdown violations so far in 2021
W Cape SAPS's Brigadier Novela Potelwa says arrests are mostly for not wearing masks in public and for breaking curfew.
Read More
Singh must provide affidavit by Monday after non-appearance at Zondo Commission
Former Eskom CFO Anoj Singh will still have to appear after not testifying as scheduled, says EWN's Gaye Davis. But will he sing?
Read More
Is liquor industry's plea for tax break the start of 'unaffordable tax revolt'?
The industry wants excise tax payment deferred until the alcohol ban is lifted. Wide-ranging reaction on The Money Show.
Read MoreMore from Opinion
Economy in 2021: 'Expect a better year for South African assets'
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.
Read More
'Disabled South Africans are sleeping on pavements outside Sassa offices'
A humanitarian and health crisis is unfolding, right now, in South Africa, warns Lynette Maart (Black Sash national director).
Read More
Anoj Singh fails to testify at Zondo Commission - despite it being mandatory
"It’s a very decisive moment for the legitimacy of the Zondo Commission," warns political analyst (NWU) Professor Andre Duvenhage.
Read More
Santam limits Covid-19 'business interruption' pay-outs to 3 months' losses
"The indemnity period is now the question," says lawyer PJ Veldhuizen. "I think Santam is going to be unsuccessful."
Read More
Elon Musk slips to no 2 in 'richest' rankings (but earns Andy Rice's hero award)
Pretoria-born Musk is a role model in terms of vision, creativity and conviction says branding expert Andy Rice.
Read More
Zimbabwe crisis: 'South Africa can intervene but solution lies with Zimbabweans'
It is probably expecting too much from the ANC government to censure Zanu-PF, a sister liberation movement, says Tapiwa Chagonda.
Read More
'ANC is against another hard lockdown'
"Family meeting" – the scariest words in the English language. Bruce Whitfield interviews News24 Political Editor Qaanitah Hunter.
Read More
All rich South Africans must submit to lifestyle audits - judge Dennis Davis
Auditing the lifestyles of potentially tax-dodging rich South Africans is low-hanging fruit, says Davis (Tax Review Committee).
Read More
Africa free trade agreement: 'Moving people across borders is the real magic'
The Continent is uniting. Ray White interviews Adrian Saville of the Centre for African Management and Markets at Gibs.
Read More
Alcohol ban was wildly effective at preventing trauma - data
The data is conclusive. Banning alcohol sales prevents trauma. Partially banning it partially prevents trauma (Dr Saadiq Kariem).
Read More
Highlights