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).

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