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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Anoosh Rooplal on the Post Office’s last stand

Anoosh Rooplal on the Post Office’s last stand

The South African Post Office has been in business rescue – a form of bankruptcy protection – since July 2023. Business rescue practitioners Anoosh Rooplal and Juanito Damons have made it clear to parliament that the entity will not survive liquidation unless a R3.8-billion bailout is received soon. With some 5 500 jobs on the line,…

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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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Post Office on the brink of collapse

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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Post Office still faces liquidation risk as policy rift widens

Post Office still faces liquidation risk as policy rift widens

Deputy communications minister Mondli Gungubele Deputy communications minister Mondli Gungubele has publicly distanced himself from minister Solly Malatsi’s decision to strip the South African Post Office of its exclusive right to deliver parcels weighing less than 1kg – a move that business rescue practitioners warn has undermined the entity’s turnaround strategy. Speaking during a portfolio…

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Malatsi buries Post Office monopoly the market ignored

Malatsi buries Post Office monopoly the market ignored

Communications minister Solly Malatsi last week gazetted amendments to the Postal Services Act that have effectively removed the Post Office’s monopoly on the delivery of sub-1kg parcels. The rule allowing the Post Office to hang onto its monopoly had been extended multiple times, with the last extension provided by former communications minister Mondli Gungubele –…

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