submitted 12 months ago by Lthabo1999
- National Treasury is sticking to its plan of not bailing out struggling state-owned enterprises (SOEs) in the budget, but will provide guarantees to support entities like Transnet for their capital investment programs.
- The budget presentation to Parliament emphasized the strategy of avoiding large financial support to SOEs, with a focus on containing costs and having SOEs, public entities, and municipalities fund a significant portion of public-sector capital investment.
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