Eskom will receive R254-billion in debt relief over the next three years, provided it partially privatises the country's electricity transmission network and coal-fired power plants.
The South African Special Risk Insurance Association (Sasria) could receive a R3.9 billion cash injection to strengthen its balance sheet as it starts to pay business insurance claims emerging from the civil unrest in July.
Misha Jordaan
The SA Post Office (SAPO) - which is battling financial challenges which have been worsened by the lockdown - says it has reopened most branches that were temporarily closed.
A number of post offices in seven provinces resumed operations on Monday, while talks were under way with the landlords of the remaining branches that were still not operational. Negotiations continue with landlords of the remaining few post offices that are closed; they will reopen as soon as agreement is reached with property owners, according to the company.
The state-owned service provider expects negotiations to be concluded within the next few weeks.
SAA subsidiaries get R2.7bn funding lifeline
By Siphelele Dludla
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JOHANNESBURG: Struggling South African Airwaysâ (SAA) subsidiaries have been given a lifeline after the National Treasury yesterday announced that it would allocate them R2.7 billion in funding.
This will bring relief to SAAâs subsidiary, Mango Airline, which was contemplating placing itself under business rescue this month following a severe cash crunch at the low-cost carrier.
Last week, Mango flights were grounded for hours after Airports Company South Africa (Acsa) suspended it from using its airports countrywide due to outstanding debt.
Treasury yesterday tabled a Special Appropriation Bill to Parliament showing that it will avail R2.7bn to SAAâs subsidiaries.