The Public Investment Corporation (PIC) has confirmed that it is not funding the 51% stake acquisition in South African Airways (SAA).
The confirmation comes after media reports and comments over the weekend suggested that PIC funds will be used for the acquisition of the stake by Takatso Consortium.
“The PIC is not involved in this acquisition, nor are the assets that it manages on behalf of clients.
South Africa detected 7 657 new COVID-19 cases on Sunday, representing a 17.2% positivity rate.
According to the latest data from the National Institute for Communicable Diseases (NICD), the majority of the new infections were logged in Gauteng after 4 891 people were confirmed to have contracted the virus.
Meanwhile, the Western Cape recorded the second highest number of cases at 663, followed by the North West with 521.
This brings the total number of laboratory-confirmed cases to 1 747 082 since the outbreak.
Finance Minister Tito Mboweni has announced the appointment of Fulvio Tonelli as chairperson of the Independent Regulatory Board for Auditors (IRBA).
President Cyril Ramaphosa says access to affordable, reliable and sustainable energy is fundamental to reducing poverty and promoting inclusive economic growth.
President Cyril Ramaphosa has called on all G7 members to support the waiver of intellectual property rights on COVID-19 vaccines, and engage in negotiations that will result in a balanced outcome to rapidly expand production in Africa and across the world.
The COVID-19 pandemic saw the Department of Employment and Labour dig deep into its pockets as it attempted to provide a safety net for those adversely affected by loss of jobs due to the associated lockdowns, says Minister Thulas Nxesi.
Small businesses and cooperatives are set to receive a major shot in the arm when the KwaZulu-Natal Provincial Government rolls out over R300 million funding to projects run by Small, Medium and Micro Enterprises (SMMEs) across the province.
Public Enterprises Minister Pravin Gordhan says government has found a strategic equity partner in a bid to save the embattled South African Airways (SAA).
The National Energy Regulator of South Africa (NERSA) has welcomed the decision to amend Schedule 2 of the Electricity Regulation Act, 2006 (Act No. 4 of 2006), to exempt generation facilities up to 100MW from the licensing requirement.
President Cyril Ramaphosa says progress has been made in implementing the Economic Reconstruction and Recovery Plan.
