Tshwane metro mayor Cilliers Brink has dismissed claims by ANC that he plans to leave his post and return to parliament as an MP amid the municipality’s financial troubles with R23bn owed to it and at risk of losing millions in development grants.
Though the South African Post Office has lost R19bn over the years, the entity’s business rescue practitioners are confident a bailout of R3.8bn could give it a fighting chance.
As video streaming starts showing signs of profitability in the medium term, MultiChoice is positioning ShowMax to benefit from an expected boom in Africa to help it achieve an ambitious target of doubling total subscribers to 50m in five years.
The Amathole District Municipality needs more than R3.3bn to address its water and sanitation backlogs.ADM’s annual allocation for water supply and sanitation at present is just more than R600m.