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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FPB CEO quits three months after assuming post

FPB CEO quits three months after assuming post

Advocate Norman Gidi has left his post as Film and Publication Board CEO. It’s back to the drawing board for the Film and Publication Board (FPB) as it once again looks to fill the chief executive officer spot after the resignation of advocate Norman Gidi. Communications minister Solly Malatsi confirmed to ITWeb that Gidi resigned…

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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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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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