insert_link Business / Economics NAMCOR Works to Overcome Financial Losses and Governance Issues NAMCOR says the company is addressing serious financial challenges and governance failures, particularly in its trading division. Spokesperson Paulo Coelho says that despite revenue growth, losses reached N$1.3 billion in 2023, leading to a government bailout and ongoing efforts to strengthen controls, reduce debt, and improve transparency. today7 July, 2025
insert_link 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
insert_link South Africa In S.A, the D.A talks Eskom and bailouts In South Africa, the DA says despite receiving a staggering 76-billion-rand bailout from the government, Eskom posted a pre-tax loss of 25-billion-rand, which ballooned to 55-billion-rand after tax. The party says the audit report, which notes that material uncertainty relating to the power utility’s ability to continue as a going concern, is of particular concern. The DA's Kevin Mileham says the exorbitant electricity tariff hikes that will plunge millions of […] today20 December, 2024
