The business rescue process has stabilised the Post Office. Whether it survives now rests with its shareholder.
Browsing: Post Office
With 5 500 jobs at risk, the Post Office is nearly out of road, business rescue practitioner Anoosh Rooplal tells the TechCentral Show.
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.
Liquidation looms for the Post Office as its rescue practitioners warn government they intend to wind it up.
Deputy minister Mondli Gungubele has said he was not consulted on Solly Malatsi’s decision to end the Post Office monopoly.
South Africa has a curious habit of legislating fantasies and then acting surprised when the real economy ignores them.
Government has scrapped the Post Office’s sub-1kg parcel monopoly, finally aligning the law with market reality.
The government has requested input on technology, infrastructure and innovation to modernise the Post Office’s operations.