With 5 500 jobs at risk, the Post Office is nearly out of road, business rescue practitioner Anoosh Rooplal tells the TechCentral Show.
Browsing: Anoosh Rooplal
The Post Office rescue is stuck between a minister who wants to wait and BRPs who say time has run out.
The Post Office cannot be saved without R3.8-billion in funding that government has confirmed is not coming.
The Post Office’s rescue practitioners have moved to clarify that no application has yet been filed for its liquidation.
Government has scrapped the Post Office’s sub-1kg parcel monopoly, finally aligning the law with market reality.
Parliament has slammed the Post Office’s business rescue practitioners over a request for a closed-door meeting.
Parliamentarians are annoyed that the Post Office’s business rescue practitioners didn’t attend a scheduled meeting.
The Post Office has reapplied for Ters scheme money following national treasury’s refusal to bail it out.
Finance minister Enoch Godongwana has refused to bail out the Post Office. Now 6 000 jobs are on the line.
The first tranche of severance packages for retrenched employees of the state-owned entity is being paid on Friday.