business rescue

  1. Luis

    South African Post Office wants to exit business rescue starting from June 2026

    South African Post Office wants to exit business rescue starting from June 2026 The South African Post Office's (SAPO's) business rescue practitioners (BRPs) have revealed plans to finalise the entity's Termination Application to exit business rescue in June 2026. This is according to the...
    • Luis
    • Thread
    • business rescue business rescue practitioners sapo south african post office
    • Replies: 11
    • Forum: Broadband and IT News
  3. pratlou

    West Pack Lifestyle expansion ends in business rescue

    The high capital costs of opening new stores in search of market share gains by West Pack Lifestyle has put the company in dire straits, resorting to voluntary business rescue processes to keep the group afloat and save more than 1,000 jobs. Over the past four years the company has been on an...
  4. Hanno Labuschagne

    SAPO debt surges to R12.5 billion

    SAPO debt surges to R12.5 billion The South African Post Office (SAPO) is insolvent, and its debt obligations have increased to R12.5 billion. This is according to a statement from the business rescue practitioners this week, who said the state-owned company must improve revenue and implement...
    • Hanno Labuschagne
    • Thread
    • anoosh rooplal business rescue insolvency juanito damons south african post office (sapo) state-owned entities
    • Replies: 35
    • Forum: Broadband and IT News
  5. Jan

    Powerbite shutting down - customers stuck without their goods or refunds

    Stuck without items ordered or refunds — fury after tech stores close down South African secondhand tech retailer Powerbite has closed its shops and shut down its online store, leaving numerous customers fuming over undelivered goods and delayed refunds. The first Powerbite store was opened in...
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