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Wednesday, May 21, 2025

Treasury denies further bailouts for South African Post Office amid financial struggles

The South African Post Office is grappling with severe financial difficulties, having received a R381 million bailout from the UIF TERS scheme. This article explores the implications of this funding, the challenges faced by state-owned companies, and the government's stance on future financial support.

Helmo Preuss|Published

Transnet may receive government guarantee for borrowing amid serious financial concerns

Transnet faces a potential liquidity crisis as Moody's warns of unsustainable capital structure and exhausted government guarantees. With a turnaround strategy in progress, the state-owned entity seeks additional support to avoid default on its debt.

Helmo Preuss|Published

Treasury DG Duncan Pieterse thanks colleagues for their sterling effort

Treasury Director General Duncan Pieterse praises his team for their efforts in navigating budget challenges and fiscal consolidation, while Finance Minister Enoch Godongwana discusses revenue goals and infrastructure spending

Helmo Preuss|Published

How Sars' workforce expansion is transforming payroll compliance

With Sars ramping up its workforce and compliance efforts, employers must prepare for a thorough review of payroll practices.

Bronwin Richards|Published

BUDGET: How Eskom plans to address its revenue gap

Eskom's financial landscape is shifting as it grapples with tariff increases and mounting municipal debt. This article explores the utility's recent revenue growth, the impact of load shedding, and the government's efforts to support Eskom through debt relief measures

Helmo Preuss|Published

Strong performance doubles Southern Sun's dividend and occupancy reverts to normal levels

Southern Sun has announced a robust financial performance for the year ending March 31, with adjusted headline earnings per share rising by 34% and a doubled dividend, driven by strong growth in key regions

Edward West|Published

Budget 3. 0: the fight for fiscal sustainability amid political strife in South Africa

Finance Minister Enoch Godongwana presents Budget 3. 0 amid political strife and economic uncertainty, with expectations of expenditure cuts and a downward revision of GDP growth forecasts.

Patrick Buthelezi|Published

Sanlam and Tyme Bank launch joint venture for personal loans and credit life

Sanlam and Tyme Bank have announced a joint venture to offer unsecured personal loans and credit life insurance, leveraging their combined customer bases and expertise for enhanced growth opportunities

Edward West|Published

RFG Holdings reports strong regional growth and maiden interim dividend

RFG Holdings reports a 7. 6% increase in regional revenue and announces a maiden interim dividend of 29. 6 cents per share, despite challenges in the international market.

Edward West|Published