Anton Shaban News Today

The South African Post Office (Sapo) is no longer in provisional liquidation - but will business rescue save it?

The government insists that the SA Post Office should be placed under business rescue even though it is already in provisional liquidation. Meanwhile, the appointed provisional liquidators believe that the SA Post Office is too far gone and that business rescue will not work. The government ins...

Liquidators of the Post Office believe a formal compromise with creditors would be more suitable than business rescue.

Provisional liquidators Anton Shaban and Gerry Musi say they fear business rescue will not work, and the Post Office should aim for an agreement with creditors instead.

Workers’ contributions have been deducted from their salaries but not paid into fund.

Workers’ contributions have been deducted from their salaries but not paid into fund.

Workers’ contributions have been deducted from their salaries but not paid into fund

The Post Office has been deducting pension fund contributions from workers’ salaries, but the last retirement fund was in April 2020.

The Post Office, which is facing liquidation, has not been paying over pension contributions in spite of a court order to do so.

Minister in the Presidency has confirmed government plans to challenge provisional SA post office liquidation court orders.