'Business rescue will give Post Office time to turn its fortunes around,' says government | The Citizen

Sassa grants beneficiaries queue outside Sharpeville Post Office in Johannesburg on 15 January 2021. Picture; Nigel SibandaOn Monday, the Pretoria High Court granted the government’s application to place theJudge Elmarie van der Schyff, in the court judgment, confirmed the appointment of Anoosh Rooplal and Juanito Martins Damons as joint interim rescue practitioners.this year due to its failure to pay rent and other liabilities.

In a statement, Finance Minister Enoch Godongwana, on behalf of Communications and Digital Technologies Minister Mondli Gungubele, who is currently in Switzerland, welcomed the judgment and the appointment of the business rescue practitioners. “The decision of the court in support of the application brought by Minister Mondli Gungubele confirms that indeed

The department highlighted that the business rescue process assist the Post Office with its turnaround plan since government has agreed to inject“This decision will give the Post Office the much needed time and space to restructure its affairs under supervision and implement the turnaround plan to fundamentally change its business model into a solvent and viable business with broad revenue streams that leads on modern services.

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