No Job Cuts at 'Ailing' South African State-Owned Enterprises
The government has no plans to retrench staff at struggling state-owned enterprises despite referring to substantial restructuring, the African National Congress's economic committee chairperson Enoch Godongwana has said. This comes as power utility Eskom seeks U.S.$1.8 billion in tariff hikes from consumers and national airline South African Airways is under business rescue, with the government seemingly unable to raise the U.S.$139 million needed for a bailout.
A South African Airways Airbus landing (file photo).
In what has now been dubbed "nine wasted years", the evolution of cadre deployment produced devastating consequences, with many politically aligned senior officials linked to poor ... Read more »
Official opposition party the Democratic Alliance has called for the dismissal of South African Airways chair Dudu Myeni over the "planned raid on pensioners' money" to salvage the ... Read more »
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