SA Red Cross Forced to Close Its PTA Office
The South African Red Cross has been forced to close its head office in Pretoria and to retrench staff in a bid to stay afloat and to keep the wolves at bay.
Acting chief executive officer, Derick Naidoo, who admits to the problems at the organisation, points out that, “We are getting no funding from the government or from local donors, so we are putting in place a restoration process and will cut down on staff.”
Naidoo says the organisation owes the bank R11 million, with a monthly bill of R500 000, adding that, “…we have a wide range of creditors: suppliers and service providers.”
To read the article titled, “Red Cross is deeply in the red,” click here.