‘Bankrupt’ Walter Sisulu University is not alone, with a spate of public bodies going to the wall, writes Gareth van Onselen IN THE past week, Walter Sisulu University has made the front pages for all the wrong reasons. Among myriad other crises, it was declared "technically and commercially bankrupt" by the Department of Higher Education and Training. But its problems are hardly unique. South African has suffered a spate of bankruptcies recently, and the extent of the problem is worth analysing.By way of illustration, in no particular order, here are 10 public institutions that are now effectively bankrupt.1. Athletics South Africa (ASA)ASA is under administration for the second time. The man put in charge, Zola Majavu — who quit in June — stated the federation was effectively bankrupt and that "if ASA were a business, we would be put under business rescue". "We are trading recklessly and we don’t have sufficient liquidity," he said.Among other debtors, it owes R1.6m to the South A...
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