South Africa's state-owned entity failure

Jan

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South African state-owned company disaster

State-owned entities Eskom, the South African Post Office (Sapo), and Transnet's financials have been dismal for the past three years, with two of the three posting a loss in 2020/21, 2021/2022, 2022/23.

While efforts are being made to rectify the situation at these companies through turnaround and business rescue plans, all three posted significant losses in 2022/23.
 
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