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Post Office creditors approve extension for business rescue plan, confirm practitioners | Business

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The creditors of the SA Post Office have confirmed Anoosh Rooplal and Juanito Damons as the struggling state-owned company's joint business rescue practitioners. | News24_Business

While the court named Rooplal and Damons as its provisional BRPs, creditors also needed to ratify their appointment. "The joint BRPs achieved the 51% majority vote to ratify their appointment at the meeting of creditors," the two practitioners said in a statement on Tuesday.

SAPO's creditors also approved a plan to extend the date for the publication of a business rescue plan to 30 November 2023. The BRPs have also asked that committees representing the interests of creditors and employees be set up.

 

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