Godongwana rebuffs Transnet debt-relief demand

South African Finance Minister Enoch Godongwana vowed to keep showing “tough love” toward the nation’s ailing state-owned enterprises, rebuffing calls for a bailout of Transnet. The African National Congress, the nation’s largest political party, said it would ask the Treasury for a relief package for the rail and ports operator similar to the one granted…

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Budget expectations on corporate insolvency

The Finance Minister is expected to place the Union Budget in Parliament on February 1, 2025. While critical fiscal law reforms are likely, the government should take this opportunity to initiate deeper reforms to revigorated the Indian stressed assets markets.  The IBC was a radical structural reform when it was introduced in 2016. It has…