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News24Wire

News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. Powered by the country’s leading journalists, and headed by the News24 editorial team.

Mind the gap: Where the 'extra' R3.5bn for SAA's rescue will come from and how it will be spent

24th March 2021 In February, Finance Minister Tito Mboweni said South African Airways's business rescue practitioners had asked government for an additional R3.5-billion, which caused a bit of a stir. SAA's rescue practitioners, on the other hand, maintained that the money had already been allocated as part of... 

Coronavirus command council advised to move SA to Level 2 as it mulls over hiking church gatherings

24th March 2021 The National Coronavirus Command Council has been advised, by the Ministerial Advisory Committee, to put the country under an Alert Level 2 lockdown as a precaution for the Easter holidays, News24 understands.   Scientists and government officials have long warned of a third wave of coronavirus... 

February inflation slips to 2.9%, below the Reserve Bank's target range

24th March 2021 February inflation slipped to 2.9% year-on-year, from 3.2% reported in January. Consumer inflation data, released by Stats SA on Wednesday, showed that this is the lowest reading since June 2020 when the rate was 2.2%. The Reserve Bank's monetary policy committee is meeting this week and is due... 

SAA Technical management hoping to pay 50% of March salaries, leaked letter shows

19th March 2021 Management at SAA Technical is continuing with efforts to try to pay employees at least 50% of their salaries due for March, but at this stage, is still waiting for details of "anticipated funding" from its shareholder, the Department of Public Enterprises. This is according to a letter to SAAT... 

SAA rescue practitioners keen to exit the process at the end of March, creditors told

19th March 2021 The business rescue practitioners of South African Airways plan to exit the process at the end of March. SAA has been in business rescue since 5 December 2019. The primary achievement of the business rescue process, according to the practitioners, was to transition SAA from being an insolvent... 

DPE concerned about delays in revival of SAA, says deputy minister

18th March 2021 The Department of Public Enterprises is concerned about the delays in the "revival" of South African Airways, as the airline has been under business rescue for over a year with no resolution, Deputy Minister of Public Enterprises Phumulo Masualle told the National Council of Provinces. He... 

Stats SA forced to overspend to keep the wheels turning, Statistician General Maluleke tells Parly

18th March 2021 The ongoing jostling between National Treasury and Statistics South Africa over much-needed financial resources made a pitstop at the legislature when the two institutions hashed out their grievances before members of Parliament. At issue has been a series of allocations to Stats SA from National... 

Govt's R1.2bn Tourism Equity Fund not only for businesses that are 100% black-owned - minister

18th March 2021 Government's R1.2-billion Tourism Equity Fund is not only for businesses which are 100% black owned, but open to those which are at least 51% black-owned and controlled, Tourism Minister Mmamoloko Kubayi-Ngubane told the National Council of Provinces on Wednesday. "The response to the fund has... 

Report flags possible fraud, corruption in tender systems within Gauteng municipalities – MEC

17th March 2021 A committee probing the state of municipalities in Gauteng says it is concerned by procurement and weaknesses in supply chain management systems, with several warning indicators. "Resources within municipalities are scarce and dwindling. The Covid-19 pandemic has exacerbated this situation,"... 

We will get State-owned entities back into shape eventually, insists DPE

17th March 2021 Deputy Minister of Public Enterprises Phumulo Masualle told Parliament on Tuesday afternoon that despite ongoing troubles at state-owned entities (SOEs) and delays in already announced plans to get them back in shape, the department still had a plan to improve the fortunes of beleaguered... 

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