Ray Mahlaka 
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
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
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
Imre Nagy, who was appointed nearly a year ago as CEO of SA’s audit regulator, believes the industry is in a better place than it was five years ago when there were a series of audit scandals. “We have entered a dark period. Audit failures started hitting us in 2017. It was as if we … Read more
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
The Pretoria High Court has ordered the South Australian Post Office to be placed under immediate rescue to avoid the worst-case scenario of forcing the state-owned company (SOE) to close its doors permanently. The court ruled in favor of the government, which launched a judicial request for the South Australian Post Office to take the … Read more