EDITORIAL: Astute Acsa an SOE anomaly
Company’s self-help measures are good news after it seemed in August it might need a cash injection
15 February 2021 - 05:00
For some companies, approaching shareholders with a begging bowl for a cash injection to dig themselves out of a financial mess is the last resort.
That is sadly in stark contrast to state-owned enterprises (SOEs) such as the Post Office, which is facing a painful reckoning as its long-standing mail and parcel delivery model is in irreversible decline and has asked the Treasury to stump up R7bn to shore up its balance sheet. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.