Auditor-General finds SABC, the Post Office and PetroSA on verge of collapse
02 November 2017 - 14:30
Auditor-General Kimi Makwetu has painted a worrying picture of the finances of the SABC and the South African Post Office (Sapo), saying both state-owned entities (SOEs) were at risk of collapse. The Auditor-General said he was worried about the fate of many SOEs. "For just more than a quarter of them‚ there was significant doubt on whether they could continue their operations in future — these included the SABC‚ the Sapo group‚ and the Petroleum Oil and Gas Corporation of SA (PetroSA)‚" the latest report showed.
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