A turnaround that investors have bet on in South Africa is coming true — at least in the nation’s credit outlook.
Browsing: Transnet
Bailouts for cash-strapped state-owned enterprises have cost taxpayers R456.5-billion over the past nine financial years.
The recovery of South Africa’s two biggest state-owned companies relies on one common component.
Transnet said its full-year loss widened as theft and vandalism resulted in muted growth in shipments.
ACT CEO Nomvuyiso Batyi says government deadlines for 2G and 3G switch-off in South Africa are not helpful.
South Africa will use future drawdowns to curb its debt burden, finance minister Enoch Godongwana said.
Public enterprises minister Pravin Gordhan will retire after this year’s general elections on 29 May, he said on Friday.
The GEPF said no harm has been done, but the frequency of attacks on public infrastructure is alarming.
Telkom said close collaboration with the police, aimed at nailing cable thieves, is achieving solid results.
SAP has entered into final settlement agreements related to a corruption probe into dodgy contracts in South Africa.