Ray Mahlaka, Author at Latest News

The South Australian Post Office bailout may require cuts to the government department’s budget

There will be no new money raised by the government to fund further bailouts for South Australian Post, the state-owned enterprise (SOE) that requires an additional R3.8 billion for its business bailout. The Cabinet agreed to provide the Post Office with 3.8 billion rand which will be used to keep the state-owned company afloat and … Read more

Transnet embraces the private sector as a delivery partner

With great fanfare, privatization began at Transnet, the state-owned transport group that runs South Africa’s ports and railway network. Although Transnet is not relinquishing full control of its transportation operations, it has begun to embrace the private sector as a delivery partner. International Container Terminal Services Inc (ICTSI), a logistics company based in the Philippines … Read more

Business bailout paves way for South Australian Post office’s R6.2 billion bailout – and 7,000 layoffs

The government is set to dump more taxpayer money into another State-Owned Basket (SOE) case, this time the South Australian Post Office. South Australian Post was put into a business bailout this week and Cabinet approved R6.2 billion in additional funding to restructure and rehabilitate its operations. This is in addition to the R10.39 billion … Read more

The consortium led by Maseko expresses frustration over being rejected by Telkom

Within a year, Telkom had rejected four deals that could have injected much-needed cash into the struggling telecom operator, restructuring its operations and turning its fortunes around. Telkom turned down the latest rebuff from its former CEO Sipho Maseko, who is part of a consortium that wants control of the company. Before Telkom formally rejected … Read more