Soe
D-day for Denel: Will they have plan on how they will pay outstanding salaries?
The state-owned entity requested an extension until Friday after failing to adhere to a court order to settle what it owes workers last week.
The unions are preparing to file contempt of court papers after the state arms manufacturer missed a deadline to pay by last Friday.
The bank’s in dire financial straits and defaulted on repaying R50 billion in loans in April.
Last week, the wholly-owned government entity has pledged the lifeline injection to the struggling national carrier.
The entity reported a 1.6% revenue increase amounting to R74.1 billion.
On Sunday, the 'Sunday Times' reported that the cash-strapped public broadcaster planned on shedding its staff by 33% as part of its turnaround strategy.