“IF OUR PUBLICLY OWNED COMPANIES WERE WELL RUN, EFFICIENT AND WITH A CLEAR DEVELOPMENT MANDATE, THERE WOULD BE NO PROBLEM WITH PIC INVESTMENT.”
− Ferial Haffajee, editor-atlarge at HuffPost South Africa, comments on Twitter following the public outcry after reports that government wants a R6bn loan from the Public Investment Corporation, which invests largely on behalf of the Government Employees’ Pension Fund, to bail out South African Airways (SAA). Treasury is scrambling to raise funds to pay R6.9bn of SAA debt, which lenders have refused to roll over beyond 30 September. − North Korean foreign minister Ri Yong responds to US President Donald Trump’s tweet on 24 September which warned that North Korean leaders “won’t be around much longer”. In his first address to the United Nations on 19 September, Trump also warned that if the US and its allies were attacked, he would “totally destroy” North Korea. The US denied it had declared war but warned it had military options if North Korea does take further “provocative” actions, The Guardian reported. Ri’s threat came after a week in which tensions between the US and North Korea escalated rapidly, with an exchange of insults between Trump and North Korean dictator Kim Jong-un, and which culminated in a sortie by US B-1B heavy bombers escorted by fighter planes off the North Korean coast, read the report.
Ferial Haffajee Editor-at-large at HuffPost South Africa