South Africa’s state-owned broadband company in deep trouble

• BBI has failed to turn a profit in six years, with consecutive annual losses since 2019.
• The company's financial struggles are attributed to its narrow revenue base, large project contracts, and competition with private companies and Telkom.
• The government has been urged to intervene with shareholder and management changes to address BBI's financial vulnerability and ensure the SA Connect project's long-term sustainability.