Latest news with #stateOwnedEnterprise
Bloomberg
2 days ago
- Business
- Bloomberg
South Africa to Give Transnet More Guarantees to Settle Debt
South Africa's government said it will give Transnet SOC Ltd. additional guarantees so the troubled state ports and freight railway operator can settle all its debt that falls due and execute its capital-investment program. Transport Minister Barbara Creecy announced the approval of a 51 billion rand ($2.9 billion) guarantee facility for Transnet last month and the process of giving it additional support will be finalized by July 25, according to the Department of Transport. The company's five-year corporate plan shows it needs to repay 99.6 billion rand.
South China Morning Post
26-05-2025
- South China Morning Post
China's former state employees warned not to leak classified information
China's top intelligence agency has warned all former state employees with access to sensitive information to be aware of the risks of leaking state secrets In a social media post on Monday, the Ministry of State Security said managing these workers after they retired or left their jobs was 'not a private affair but a vital component of national security'. It called for vigilance against such risks to ensure information security. 'Some individuals, after leaving their positions, disregard national security and interests, misinterpret the declassification period as a restriction of freedom or a career shackle, and even go into hiding or evade supervision,' the ministry said. It cited a case involving a person, identified only by his surname Feng, who was sentenced to six years in prison for leaking state secrets after retiring from his job at a state-owned enterprise. 05:29 China executes scientist for spying in 2016, among 10 'shocking' cases revealed in documentary China executes scientist for spying in 2016, among 10 'shocking' cases revealed in documentary The ministry said Feng had been lured by a foreign espionage agency that offered him a substantial 'consulting fee'. It said Feng had maintained close ties with his former colleagues at the company and was able to gain access to core classified information in a critical industry sector.
