According to the Department of Public Enterprises, this R5 billion bailout will be the final financial hand-out afforded to the ailing national carrier.
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You can still use the SAA, but for how long:- SAA will receive ‘final’ bailout of R5 billion, says Department of Public Enterprises
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South African Finance Minister Tito Mboweni says South African Airways must be shut down
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If the new finance minister had his way, the struggling SAA would be closing its doors for good. SAA has for years now been a drain on government resources as it’s consistently lost money and had to go back to the government, cap in hand, to keep the lights on.
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South Africa getting deeper into debt:- City of Cape Town to borrow R4bn from German state-owned KfW Bank
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The plan is to inject investment into the city’s capital programme. On Tuesday, at the mayoral committee meeting, it was revealed that the City of Cape Town is prepared to secure an R4-billion loan within the next three years from the German government-owned Kreditanstalt für Wiederaufbau (KfW) Development Bank.
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You May Ask This Question a Lot:- Why Does Your Expat Health Insurance Premium Go Up Each Year?
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So this is the time of the year. You receive your health insurance bill and are frustrated to find that you need to pay more this year. As a matter of fact, health insurance premiums seem to increase so naturally each year that you may stop asking why.
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Facts to know:- New Zealand to introduce tourist tax and hike up visa fees
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Visiting the Land of the Long White Cloud is set to be more taxing. Tourism is a key contributor to the New Zealand economy, and the country has opted to use what’s been an upward surge in that regard by introducing a tourist tax will take effect later this year, Traveller24 reports.
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Facts to know:- New Zealand to introduce tourist tax and hike up visa fees
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Visiting the Land of the Long White Cloud is set to be more taxing. Tourism is a key contributor to the New Zealand economy, and the country has opted to use what’s been an upward surge in that regard by introducing a tourist tax will take effect later this year, Traveller24 reports.
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If Finance Minister Nhlanhla Nene resigns, Analysts say that the rand could plummet below R15/$
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Looks like Finance Minister Nhlanhla Nene is on his way out. Unfortunately, the rand is set to take a big knock as a result.
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Shocking News:- ANC prepared to deceive public so they could secure nuclear deal
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Files submitted to the state capture inquiry reveal that Jacob Zuma’s cabinet were ready to tell some mistruth on the nuclear deal.
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Here Are The Top Savings Rates For Expats – October
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Here are the latest expat savings rates. Many expats can benefit from using offshore bank savings accounts.
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A Netherlands court summons and a debt extension for Markus Jooste – The Steinhoff saga of South Africa
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The barrel sinks lower for Markus Jooste, the former CEO at Steinhoff. It has been revealed that investors in the Netherlands have been given the go-ahead to pursue legal action against the embattled Jooste.
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