The SA Post Office, which was put in provisional liquidation in February, is applying to the courts to be placed in business rescue, enabling it to avoid further lawsuits by unpaid creditors and perhaps escape liquidation.
Being placed in business rescue lets a company pause debt repayments while experts restructure it and negotiate with creditors to avoid going out of business permanently...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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