Post Office now the fourth SOE in business rescue
The South African Post Office (Sapo) is no longer in provisional liquidation - but will business rescue save it?
Source: citizen.co.za
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Government on collision course with liquidators over SA Post Office
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...
Source: dailymaverick.co.za
Business rescue not an option for Post Office
Liquidators of the Post Office believe a formal compromise with creditors would be more suitable than business rescue.
Source: citizen.co.za
'Not an option': Post Office's provisional liquidators blast state's business rescue plan
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.
Source: news24.com
Post Office failed to pay into employees' retirement fu...
Workers’ contributions have been deducted from their salaries but not paid into fund.
Source: dailymaverick.co.za