| SUNDAY, 25 MAY 1997
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Transnet fails to stop the bleeding
by Don Robertson
TRANSNET is set to report a substantially increased loss after
provisions for its bankrupt pension fund when it reveals its figures for
the past financial year in August.
In spite of efforts to restructure the PX parcel delivery operations, the
division will show a massive loss of over R500-million for the year to
March, while SA Airways is expected to announce a R350-million
loss.
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Shaking off those old foreign exchange
shackles
by Lucienne Fild
FOR the middle-class South African, foreign exchange restrictions
really are a thing of the past.
Until the recent relaxation of exchange controls, SA residents lived
under a plethora of annoying and limiting restrictions. For instance, if
you wanted to send money to a needy relative overseas you were
limited to the princely monthly sum of R200. If you were unfortunate
enough to fall ill while holidaying abroad, your medical costs were not
allowed to exceed R10 000. And any contravention of the restrictions
put you at risk of spending time behind prison bars.
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