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%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 38. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: mybroadband - 🏆 11. / 67 Baca lebih lajut »