News Formal

CPS business rescue should continue, says practitioner

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sassa wants the company liquidated, but CPS says the agency has not provided any evidence that the business cannot be successfully rescued

Pensioners collect their grant money in Mpumalanga. Picture: SOWETAN

However, in an affidavit to the court, business rescue practitioner Ralph Lutchman said Sassa has not provided any evidence that the business cannot be successfully rescued, especially at an early stage when the rescue plan has not even been published. If the court hears the matter on an urgent basis, as requested by Sassa, it would prejudice the plan, it was argued

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Cleaning company fined R250,000 for Sassa tender collusionQuintax Cleaning Services has agreed to pay a fine of more than R250,000 for colluding with another firm to fix prices in a tender for the SA Security Agency.
Källa: TimesLIVE - 🏆 28. / 59 Läs mer »

Cleaning company fined R250,000 for Sassa tender collusionQuintax Cleaning Services has agreed to pay a fine of more than R250,000 for colluding with another firm to fix prices in a tender for the SA Security Agency (Sassa).
Källa: SowetanLIVE - 🏆 13. / 63 Läs mer »

WATCH: Is SAA’s new business rescue plan ready for takeoff?Acting director-general in the public enterprises department Kgathatso Tlhakudi talks to Business Day TV about SAA’s revised severance offer
Källa: BDliveSA - 🏆 12. / 63 Läs mer »