Business rescue

2 Results / Page 1 of 1

News

Post office workers protest over government inaction

Disgruntled South African Post Office (SAPO) workers have accused government of failing to act on the long-running crisis facing the state-owned entity, including delays in its digitisation. Dozens of protesters marched to the Department of Communications and Digital Technologies (DCDT) in Hatfield, Pretoria, where they handed over a memorandum of demands to Minister, Solly Malatsi. Workers say they have gone nearly a decade without salary adjustments, while continuing to operate […]

todayApril 29, 2026 69

News

Government rejects SAA 10bn request

 Government has denied South African Airways(SAA)  a further R10 billion in funding for the business rescue process. Public Enterprises Minister Pravin Gordhan has made it clear that government does not have the money to support SAA’s request. In a letter to SAA, Gordhan said government would not support the extension of the foreign currency borrowing limit to permit foreign financing of the business rescue plan. The national carrier was placed […]

todayApril 15, 2020 50