Economic Sustainability

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South Africa

S.A Post Office Bailout Falls Short-Diko

S.A Parliament Portfolio Committee for Communications and Digital Technologies chairperson Khusela Diko, says the 150-million-rand fund allocated to the country's Post Office is insufficient in addressing financial and operational challenges. The post office has been in business rescue since July 2023. The entity needs 3.8-billion-rand bailout to avoid liquidation. Diko acknowledges that SAPO remains in crisis with workers situation unsustainable:  

today1 March, 2025

Business / Economics

Minister in the Presidency in S.A says G20 presidency is progressing well

Minister in the Presidency of South Africa, Khumbudzo Ntshavheni, says its G20 presidency is progressing well following the successful Foreign ministers' meeting in Johannesburg last week and the ongoing Finance ministers and central bank governors' meeting in Cape Town. According to Ntshavheni, the cabinet highlighted that the G20 remains essential for international economic cooperation and for advancing South Africa’s goals of solidarity, equality, and sustainability:  

today28 February, 2025