The Post Office will not be liquidated but thousands of jobs are now set to go after creditors agreed to a rescue plan.
Browsing: Public sector
Some in government say ICT spending will not be reduced, despite the parlous state of the country’s finances.
Communications minister Mondli Gungebele said he is optimistic that both the SABC and the Post Office can survive.
The economy shrank in the third quarter as logistics constraints and a chronic electricity shortage took their toll.
The Post Office is seeking another R3.8-billion bailout – but under a rescue plan, a jobs bloodbath seems inevitable.
Eskom has been upgraded two notches by S&P Global Ratings, which cited government’s substantial financial support plans.
Transnet has a turnaround plan to ease port and rail snarl-ups that have hamstrung the economy. It just needs money.
Promoted | Communications ministers convened this week in Cape Town for the Ministerial Forum on Building a Future-Orientated, Intelligent Digital Infrastructure for Africa.
Government is still assessing the effect of adding interest to a R254-billion debt relief package for Eskom.
Here’s who will benefit and lose from Wednesday’s medium-term budget policy statement.