Government ‘forces’ Post Office into business rescue

Medical scheme continues to see stark declines in the number of members and beneficiaries on its priciest plans.Legislation that would force retailers to conceal cigarette displays and restrict vaping products has been called anti-science and counterproductive.

The sector 'underperformed a lot of the peer asset groups within the SA domestic landscape,' says Naeem Tilly of Sesfikile Capital. But he sees the sector stabilising, with 'a lot of the data coming out [showing] that vacancies are falling and rentals are starting to grow'.

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Government ‘forces’ Post Office into business rescueCourt papers indicate that the state is willing to provide another R3.8bn for the struggling SOE in the October budget. Moneyweb Sapo BailOut
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Post Office snatched out of liquidation and into business rescueThe North Gauteng High Court has ruled on the government’s application to take the struggling South African Post Office out of provisional liquidation.
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Post Office now the fourth SOE in business rescue | The CitizenThe business rescue starts immediately, according to an order of the High Court in Pretoria. Communications Minister Mondli Gungubele brought an urgent application on 30 May to place the Post Office in business rescue. SAPostOffice Read more here 👇
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Post Office business rescue puts 7,000 jobs on the lineCuts could save more than R1.3bn in annual salaries
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