The state-owned telecoms company that lost R459 million and is technically insolvent

[Shaun Jacobs]

The state-owned telecoms company that lost R459 million and is technically insolvent

Broadband Infraco is facing severe financial difficulties, with it accumulating hundreds of millions in losses and being technically insolvent.

 

[neoprema]

Another "get-rich-quick" scheme by some Govt officials.

The CEO should be making that statement from behind jail bars.

 

[porchrat]

Describing something as a "state-owned company" and as "technically insolvent" is just redundant at this point.

I wonder what the collective debt of all these disgustingly poorly managed state-owned companies is.

 

[Jam Sandwich]

Broadband infuckto....

 

[Paul Kemp]

I wonder what the collective debt of all these disgustingly poorly managed state-owned companies is.

About negative 4 pies.

 

[OCP]

Describing something as a "state-owned company" and as "technically insolvent" is just redundant at this point.

I wonder what the collective debt of all these disgustingly poorly managed state-owned companies is.

If they are state-owned, who will cover the debt?

 

[Sinbad]

If they are state-owned, who will cover the debt?

You

 

[OCP]

You

That's what i thought!

 

[porchrat]

If they are state-owned, who will cover the debt?

The owner.

 

[TofuMofu]

Broadband infuckto....

It's Broadband infUckto not infucktOooo

 

[dualmeister]

 

[Fuzzbox]

How do they stay afloat.
Other peoples money as usual.

 

[Gudnews]

Comrades, the financial system is racist.

 

[rh1]

ANC Excellence at its finest.