Best option for Post Office is to be put under business rescue: Gungubele - SABC News

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Minister of Communications and Digital Technologies Mondli Gungubele has briefed Parliament that at this stage, the best option for the South African Post Office is for it to be put under business rescue.

He briefed Parliament’s Communications and Digital Technologies committee.in February. The embattled state-owned entity has been making annual losses of R2 billion over the past three years.

Gungubele says Cabinet has agreed to the approach of business rescue. Gungubele says it was unthinkable for the Post Office to go under. “Worse thing you can allow, taking into consideration that no less than 700 SMMEs have relationships with SA Post Office. Naturally they give work opportunities to significant number who feed families and infrastructure to pay grants of 9 million people,” says Gungubele.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 37. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Post Office applies for business rescue in effort to save ‘essential service’Provisional liquidator argues in court against final liquidation as it provides an essential service to many citizens
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Post Office heading for business rescue | The Citizen📬Post Office headed for business rescue after the Communications Minister filed an urgent application to stop the SOE from being liquidated💰 🔒🚫 TheCitizenNews Catch up here⬇️
La source: TheCitizen_News - 🏆 6. / 75 Lire la suite »