State Owned Enterprises
Social media users have reacted to the news that South African Airways has effectively been privatised after the government sold a controlling stake in SAA.
Sowetans are not happy with Eskom and took their grievances to the power utilities front door and protested at Megawatt Park over the continuous blackouts.
Minister Pravin Gordhan revealed that taxpayers' money will no longer go towards rescuing embattled state-owned entity SAA while addressing Scopa and BRPs.
Eskom had paid Trillion, a Gupta linked company, R30.6 million despite no actual contract existing between the companies according to Ex Eskom CFO Anoj Singh.
Eskom will need around R1 billion a week in order to remain operational throughout 2021 according to a presentation before SCOPA in Parliament on Wednesday.
Eskom has announced that the power utility will be increasing tariffs by 16% as it attempts to recover a staggering R10 billion from South African consumers.