Broadband Infraco in financial disarray

[Jan]

Broadband Infraco in financial disarray

State-owned fibre network operator Broadband Infraco is in financial disarray, having been declared technically insolvent since the start of the 2024/25 financial year.

Broadband Infraco provides long-distance national and international connectivity to private sector partners and is mandated to provide universal Internet access to South Africa as part of the SA Connect programme.

 

[ToxicBunny]

Nobody ever saw this coming, promise.

 

[irBosOtter]

Why not update "State-owned" to "insolvent" in dictionaries as well, we know what it means, might as well make it official.

 

[RedViking]

Surely a rename and stricter BBBEE implementation should fix this.

 

[Jan van Riebeeckstad]

RIP MyBB

 

[ShaunSA]

No stress. I'm sure Jamnadas will bail them out

 

[ToxicBunny]

Surely a rename and stricter BBBEE implementation should fix this.

You forget that you need to create a new entity to manage the new commercial realities as well and build a new network.