In a presentation to Parliament’s Standing Committee on Finance, Acting PIC Chief Executive Officer Vuyani Hako says the mediation process between Steinhoff and its creditors and claimants resumed in May.
Some members raised concerns that the mediation process was open-ended but Hako reassured them that this was not the case. “Mediation was intended to look into the prospects of a commercial agreement , intentions being to see if we can save as much money as quickly as possible. But the mediation process is not open ended and the last day for that mediation process is actually the end of December 2019. So if it does not yield any results we go back to the full steam legal process.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ANC stalwart Rhoda Joemat dies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.African National Congress (ANC) stalwart in the Western Cape and former Member of Parliament Rhoda Joemat has passed away at the age of 71.
Source: SABC News Online - 🏆 32. / 51 Read more »
Investigation exonerates Stellenbosch University Rector - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.An independent investigation has exonerated the Rector of Stellenbosch University, Professor Wim de Villiers, of attempting to interfere in the Constitutional Court litigation related to the University's 2016 Language Policy. Has helenzille cared to comment and maybe (!) apologised yet? Take note waldimar you did a hatchet job on this.
Source: SABC News Online - 🏆 32. / 51 Read more »
Cricket SA apologises to journalists - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Cricket SA apologises to journalists Cricket South Africa’s (CSA) embattled Chief Executive, Thabang Moroe, has personally apologised to the journalists who had their accreditation revoked on Sunday. This thief must be arrested Don't apologise, resign. Why is SABC3 not showing today's MSLT20 match?😔
Source: SABC News Online - 🏆 32. / 51 Read more »