Africa: AUC Chairperson Today Received Briefing On the Political Situation in Sudan & Ongoing Mediation Efforts From Ambassador Mohamed Belaiche, His Special Representative and Head of the AU Liaison Office to the Republic of #sudan

Africa: AUC Chairperson Today Received Briefing On the Political Situation in Sudan & Ongoing Mediation Efforts From Ambassador Mohamed Belaiche, His Special Representative and Head of the AU Liaison Office to the Republic of #sudan

The Chairperson of the African Union (AU) Commission, H.E. Mahmoud Ali Youssouf, today received briefing on the political situation in Sudan & ongoing mediation efforts from Ambassador Mohamed Belaiche, his Special Representative and Head of the AU Liaison Office to the Republic of #Sudan . The Chairperson & Amb. Belaiche also discussed the reopening of…

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Post Office moves to exit business rescue

Post Office moves to exit business rescue

The South African Post Office’s joint business rescue practitioners have asked the high court to end the entity’s business rescue, declaring the adopted plan substantially implemented nearly three years after the troubled state-owned company was placed under supervision. Anoosh Rooplal and Juanito Damons launched the application in the Pretoria high court on 12 June, seeking…

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Cabinet hands the Post Office a board, but not a bailout

Cabinet hands the Post Office a board, but not a bailout

Cabinet has approved a new board for the South African Post Office, removing a key procedural hurdle to the troubled entity applying to exit business rescue – but handing the incoming directors an organisation that the national treasury still refuses to fund and that its rescue practitioners were, just months ago, contemplating liquidation. Communications minister…

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The Mandalorian and Grogu’ box office preview

The Mandalorian and Grogu’ box office preview

Still from “Star Wars: The Mandalorian and Grogu.” “Star Wars” returns to the big screen for the first time in seven years this weekend, riding the contrails of a Mandalorian’s jetpack. Disney’s “Star Wars: The Mandalorian and Grogu” tallied $12 million in Thursday night preview sales, the lowest collection of advance tickets in the franchise’s…

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Solly Malatsi’s Post Office gamble

Solly Malatsi’s Post Office gamble

Communications minister Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has denied claims by business rescue practitioners (BRPs) for the South African Post Office that his refusal to allow them to sell assets or seek external funding has hamstrung the business rescue process. Speaking in an episode of the TechCentral Show to be published in…

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The Post Office is out of options

The Post Office is out of options

Post Office business rescue practitioner Anoosh Rooplal. Photo: Tinashe Mazodze The business rescue practitioners in charge of saving the South African Post Office have on two occasions approached government for permission to sell some of the company’s assets and to go the open market for funding in an effort to salvage the embattled entity’s finances….

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Cabinet hands the Post Office a board, but not a bailout

Post Office on the brink of collapse

Communications minister Solly Malatsi has dismissed as “premature” a move by the South African Post Office’s business rescue practitioners to file for the liquidation of the embattled state-owned company, saying ongoing discussions between his department and national treasury are focused on finding a way forward. In a statement issued late Friday, Malatsi said his office…

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