“IF OUR PUB­LICLY OWNED COM­PA­NIES WERE WELL RUN, EF­FI­CIENT AND WITH A CLEAR DEVEL­OP­MENT MAN­DATE, THERE WOULD BE NO PROB­LEM WITH PIC IN­VEST­MENT.”

Finweek English Edition - - In Brief -

− 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

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