The weapon manufacturer Denel could not pay his senior management’s full salary at the end of September. Denel needs urgent funding and financial assistance and will probably be helped by treasury with tax money to continue production. The influence of Zuma and the Guptas is still having a great influence on state entities and are..
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Influence of Zuma and the Guptas is still sinking government entities – Denel struggles to pay salaries
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No wonder the state broadcaster’s debt collection agencies are so busy these past few weeks – SABC is in big trouble and have a shortfall of R1 billion to pay salaries
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The possibility exists that the SABC will have to retrench several hundred workers as part of its restructuring process. The proposed retrenchment of thousands of employees is to cut the R3,1 billion salary account of this sinking state entity. There is a big concern from the liberal press that the SABC will not survive this..
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Cabinet expresses confidence in new SAA board
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Newly appointed Communications Minister Mmamoloko Kubayi says Cabinet is happy with the appointment of a new board at South African Airways. Yesterday Finance Minister Malusi Gigaba announced the axing of former SAA board chairperson Dudu Myeni, who has now been replaced by Johannes Bhekumuzi Magawaza. Anglo American board chairperson Nolitha Fakude has been appointed as..
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