The Acting Minister of Communications and Digital Technologies, Enoch Godongwana, has welcomed the decision of the High Court in Pretoria to place the South African Post Office under business rescue.
Sapo was placed under provisional liquidation in February due to its failure to pay rent and other liabilities. Godongwana has further noted the appointment of Anooshkumar Rooplal and Juanito Martin Damons as joint interim business rescue practitioners, subject to approval by the Registrar of Financial Services and ratification by the majority of SAPO’s creditors.
In a statement, Godongwana says: “This decision will give SAPO 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.”
“The challenge is on SAPO, the department and all stakeholders to live up to the commitments made in the application.”
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
Postbank stands to lose R3.5bn as Post Office pleads for business rescueFate of Post Office raises question over plan to be a fully fledged bank
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »
منبع: mybroadband - 🏆 11. / 67 ادامه مطلب »
منبع: TheCitizen_News - 🏆 6. / 75 ادامه مطلب »
Post Office business rescue puts 7,000 jobs on the lineCuts could save more than R1.3bn in annual salaries
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »
منبع: Moneyweb - 🏆 5. / 77 ادامه مطلب »