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.
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.


