| Abstract: |
State-owned broadband capacity supplier Broadband Infraco was showing signs of a turnaround after improving its financial performance during the year ended March 2012, the company said on Friday.
Broadband Infraco, for the first time, generated positive cash from operations of R52-million during the year – contributing to a 54% improvement in the company’s net loss, which was reduced to R95-million. Last year, the company recorded a R206-million loss for the year, CFO Ramasela Magoele, standing in for the newly appointed CEO Puleng Sejanamane, told journalists at a media briefing. |
Back Copies
lr1.gif)
