Post Office jobs on the line; new international bank possibly on the way; Water outage hitting Joburg today; Ramaphosa lays down the law.
: The South African Post Office’s business rescue proceedings will put 7,000 jobs at risk as the embattled state-owned entity plans to save R1.3 billion in annual salaries. Speaking in court, Communications Minister Mondliu Gungubele said that the entity must be saved as it plays an important role in providing grants and services in rural areas. In February, the government said that it would pay R2.4 billion to SAPO, and it has since said that R3.
[: Despite areas of Gauteng possibly being hit with more snow, Rand Water says the 58-hour planned water outage in Johannesburg will still go ahead. The outage will start later today, 11 July at 19h00 and will last until 05h00 on Friday, 14 July. However, City of Johannesburg MMC for Environment and Infrastructure Services Jack Sekwailahas said that it could take 14 days for some areas in the city to receive water.
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