State pins hopes on VBS liquidator to save ailing Post Office from financial ruin | Business

Anoosh Rooplal, the chartered accountant who has overseen the liquidation of VBS Bank for the past four and half years, has been nominated by the government to save the SA Post Office from financial ruin.

The Department of Communications and Digital Technologies is hoping that Rooplal will be appointed as SAPO's business rescue practitioner next month. The state-owned entity was placed into provisional liquidation in March in a case brought by property company Withinshaw and owes hundreds of millions of rands to its staff, retirement and medical funds, the SA Revenue Service, landlords, and other suppliers. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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