What’s in City Press: How SABC got wrecked, Cyril off the hook for now over Bosasa donation, consortium proposes R21bn SAA loan

Here are some of the headlines in your City Press newspaper today.

How the SABC got wrecked

The financially decimated public broadcaster has 20 business days to respond to a notice from the Companies and Intellectual Property Commission, asking it to explain why it believes it is not trading recklessly under insolvent circumstances.

Piggybacking the way to get the job

Umgeni Water has been rocked by allegations that it has awarded a R220 million security tender to a company with political connections without following tender processes.

Consortium proposes R21bn loan to SAA

A consortium of local and international investors has made a loan offer to SAA to the tune of R21 billion in return for a 51% stake.

Cyril safe for now

President Cyril Ramaphosa is off the hook, for now, regarding the R500 000 Bosasa donated to his campaign last year.

The year that was

From Zuma’s resignation to Thuma Mina, ‘Mama give us the signal’ and Hlaudi refusing to go down without his last hurrah, this was a year to remember.

For more on these and other stories, get your copy of City Press today.

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