Denel still in deep trouble
Denel, the state-owned aerospace and military technology company, is facing serious challenges, including severe liquidity and funding constraints.
This was revealed in Denel’s annual report for the 2025 financial year, which provided an overview of the company’s...
SAPO debt surges to R12.5 billion
The South African Post Office (SAPO) is insolvent, and its debt obligations have increased to R12.5 billion.
This is according to a statement from the business rescue practitioners this week, who said the state-owned company must improve revenue and implement...
Transnet disaster
South Africa pledged to end the underperformance of its state-owned port and rail operator that’s crimped mining companies’ profits.
Transnet SOC Ltd. on Friday reported a R5.7 billion rand loss for the year ending 31 March 2023, compared with a R5 billion profit in 2022...