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CPS business rescue should continue, says practitioner

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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

 

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