News Formal

SAPO business rescue 'chance to turn around entity'

  • 📰 ecr9495
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The government believes the South African Post Office has the space and time to be turned around. ECRNewsWatch SAPO

Acting Minister of Communications and Digital Technologies, Enoch Godongwana, has been reacting to the High Court's decision to place the entity under business rescue.

On Monday, the High Court in Pretoria ordered the post office's business rescue process to begin immediately.READ:The state-owned entity has a debt of over R4 billion. But, with the latest court ruling, it's been given protection from creditors. It's a move government had been pushing for to avoid total liquidation.

Two interim business rescue practitioners have been appointed but must be approved by most of the post office's creditors.It says all stakeholders must live up to the commitments made in the court application.

 

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:

 /  🏆 38. 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.

Why top companies use MyBroadband to reach South African ICT executivesSouth Africa’s top companies advertise on MyBroadband to reach an audience of ICT executives.
La source: mybroadband - 🏆 11. / 67 Lire la suite »