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Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

Transnet grilled in parliament over debt, governance failures and audit concerns

Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

  • Eyaaz
4 min read
Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say

The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week

  • Aarti Bhana
5 min read
Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts

Political parties slate defence department, Denel after SIU uncovers procurement irregularities

In one Special Investigating Unit inquiry, Denel was paid more than R8 billion by Armscor for 264 Badger vehicles but only produced a fraction of those

  • Busi Lethole
3 min read
The Passenger Rail Agency of South Africa (Prasa) will not get away with not paying the R5.1 billion that a court-ordered report said the state entity owed to a contractor, the firm’s director said. (Delwyn Verasamy/M&G)

Prasa faces R5.1 billion legal case for unpaid debts

The rail agency has ignored a Pretoria high court-ordered report for it to pay its contractor

  • Khaya Koko
3 min read
The Namibia Stop 8 Housing Project in Inanda, eThekwini, started in 2019, but to date only this RDP house has been completed. Photo by Tsoanelo Sefoloko

R120 million and 12 years later, eThekwini delivers three substandard houses to residents of Inanda’s Stop 8

The Auditor General of South Africa said the project cost had ballooned by R143 million because of poor planning and project management

  • Eyaaz
5 min read
Transnet is falling well below its target of shifting 200 million to 220 million tonnes of freight a year, at which point — it is estimated — it will begin to make a meaningful contribution to the economy. Its current target is 170 million tonnes a year. Photo: (Karel Prinsloo/Bloomberg)

Debt-ridden Transnet needs to improve operations, auditor general warns

The state-owned company cannot continue relying on debt for operating cash and was at risk of not meeting repayments at the present rate

  • Emsie Ferreira
5 min read
File photo by Waldo Swiegers/Getty Images.

Government complicit in crime at Eskom, brigadier says

Jaap Burger suggested there was resistance to tackling syndicates in a concerted manner

  • Emsie Ferreira
4 min read
Eskom acting chief executive, Calib Cassim said Eskom’s request amounts to R445 billion for 2025-26, R495 billion for 2026-27 and R537 billion for 2027-28, translated to electricity price hikes of 36.1% in 2025, 11.8% in 2026 and 9.1% in 2027. File photo by Freddy Mavunda/Gallo Images

Calib Cassim: Eskom aims to cap load-shedding at stage four

The acting chief executive said it was imperative to bridge the gap of 4000 to 6000 megawatts of dispatchable capacity

  • Emsie Ferreira
3 min read