CPS business rescue should continue, says practitioner

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

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

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:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: TimesLIVE - 🏆 28. / 59 Read more »

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).
Source: SowetanLIVE - 🏆 13. / 63 Read more »

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
Source: BDliveSA - 🏆 12. / 63 Read more »