Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    safeguard your business with Vox and Sophos

    October 26, 2025

    SCOTUStoday for Thursday, October 23

    October 26, 2025

    Gbemi & Toolz Are Talking Sex, Pleasure & Everything We Don’t Say Out Loud

    October 26, 2025
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    • About Us
    • Privacy Policy
    • Terms Of Service
    • Advertisement
    Sunday, October 26
    Facebook X (Twitter) Instagram Pinterest Vimeo
    ABSA Africa TV
    • Breaking News
    • Africa News
    • World News
    • Editorial
    • Environ/Climate
    • More
      • Cameroon
      • Ambazonia
      • Politics
      • Culture
      • Travel
      • Sports
      • Technology
      • AfroSingles
    • Donate
    ABSLive
    ABSA Africa TV
    Home»Technology»Post Office crisis deepens as bailout remains elusive and parliament grows impatient
    Technology

    Post Office crisis deepens as bailout remains elusive and parliament grows impatient

    Chris AnuBy Chris AnuApril 16, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Post Office crisis deepens as bailout remains elusive and parliament grows impatient
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link


    Anoosh Rooplal and Juanita Damons, the business rescue practitioners for the Post Office, have blamed a scheduling conflict for missing an important Tuesday meeting with MPs.

    They had been expected to address the national council of provinces’ select committee on economic development & trade, but failed to attend.

    According to Rooplal, who spoke on behalf of the pair in response to questions from TechCentral, the meeting had been moved to Tuesday from another, previously agreed date, but the two already had other commitments on the new date, prompting them to send representatives to parliament on their behalf instead.

    I feel the business rescue practitioners are really shirking their responsibilities… I am completely dissatisfied

    “The non-attendance by the joint business rescue practitioners was not intentional. Unfortunately, the meeting date was changed and we had other commitments. We will wait for the meeting to be rescheduled so we can attend,” said Rooplal.

    Committee chair Sonja Boshoff explained in the meeting that the reason it had been moved from the previous week was so that either communications minister Solly Malatsi or his deputy, Mondli Gungubele, could be present. Boshoff said Rooplal and Damons only informed Malatsi via a letter the day before the meeting that they would not be in attendance and would send representatives in their place.

    “I feel the business rescue practitioners are really shirking their responsibilities,” Boshoff said in the meeting, which Gungubele attended. “They have had since 30 November, when they were meant to present and requested a deferment, [so] they should have been ready by now. I am completely dissatisfied with their approach to our request for this meeting today.”

    ‘Competent to talk’

    Rooplal rebutted suggestions that he and Damons were using proxies to avoid responsibility. He said the mix-up was merely a matter of timing and that the representatives they sent were “competent to talk” on their behalf.

    The Post Office has been in business rescue since July 2023. Last September, Rooplal and Damons told parliament the organisation would have no alternative but to be placed into liquidation should a R3.8-billion bailout not be received by last November. These funds are yet to be allocated.

    Read: Government may liberalise postal services in major review

    The state-owned company’s fate looked all but sealed when national treasury excluded the proposed bailout from the medium-term budget policy outlook statement in October, with finance minister Enoch Godongwana encouraging the department of communications to “find the money” to assist the entity.

    Then, in February, national treasury approved a R150-million virement intended to “assist the Post Office in addressing immediate financial pressures”. Khusela Diko, chair of parliament’s portfolio committee on communications & digital technologies, criticised the virement as too little to ensure the company’s long-term sustainability.

    Post Office“The funding is too little to make a meaningful impact as it only sustains the operations of the Post Office for one additional month and does not go far enough to address the challenges facing it,” Diko said in a statement at the time.

    In his response to TechCentral on Wednesday, Rooplal said the proposed R3.8-billion bailout remains critical to the success of the Post Office’s business rescue.

    “No provision was made in the 2025/2026 budget for this funding. The business rescue plan is premised on receiving the R3.8-billion, which was needed to settle the second tranche of the dividend payment to creditors of 18c in the rand, for infrastructure upgrades and operational requirements,” he said.  – © 2025 NewsCentral Media

    Get breaking news from TechCentral on WhatsApp. Sign up here.

    Don’t miss:

    Post Office gets emergency short-term bailout



    Source link

    Post Views: 7
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Chris Anu
    • Website

    Related Posts

    safeguard your business with Vox and Sophos

    October 26, 2025

    Survey examining local ICT maturity goes live

    October 26, 2025

    The company building a ‘living computer’ with human cells

    October 26, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Who is Duma Boko, Botswana’s new President?

    November 6, 2024

    Kamto Not Qualified for 2025 Presidential Elections on Technicality Reasons, Despite Declaration of Candidacy

    January 18, 2025

    As African Leaders Gather in Addis Ababa to Pick a New Chairperson, They are Reminded That it is Time For a Leadership That Represents True Pan-Africanism

    January 19, 2025

    BREAKING NEWS: Tapang Ivo Files Federal Lawsuit Against Nsahlai Law Firm for Defamation, Seeks $100K in Damages

    March 14, 2025
    Don't Miss

    safeguard your business with Vox and Sophos

    By Chris AnuOctober 26, 2025

    In South Africa, we are unfortunately used to home invasions and certainly there is evidence…

    Your Poster Your Poster

    SCOTUStoday for Thursday, October 23

    October 26, 2025

    Gbemi & Toolz Are Talking Sex, Pleasure & Everything We Don’t Say Out Loud

    October 26, 2025

    Revealed: Images that convicted Jan-Hendrik

    October 26, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Sign up and get the latest breaking ABS Africa news before others get it.

    About Us
    About Us

    ABS TV, the first pan-African news channel broadcasting 24/7 from the diaspora, is a groundbreaking platform that bridges Africa with the rest of the world.

    We're accepting new partnerships right now.

    Address: 9894 Bissonette St, Houston TX. USA, 77036
    Contact: +1346-504-3666

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    safeguard your business with Vox and Sophos

    October 26, 2025

    SCOTUStoday for Thursday, October 23

    October 26, 2025

    Gbemi & Toolz Are Talking Sex, Pleasure & Everything We Don’t Say Out Loud

    October 26, 2025
    Most Popular

    Did Paul Biya Actually Return to Cameroon on Monday? The Suspicion Behind the Footage

    October 23, 2024

    Surrender 1.9B CFA and Get Your D.O’: Pirates Tell Cameroon Gov’t

    October 23, 2024

    Ritual Goes Wrong: Man Dies After Father, Native Doctor Put Him in CoffinBy

    October 23, 2024
    Facebook X (Twitter) Instagram Pinterest YouTube
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms Of Service
    © 2025 Absa Africa TV. All right reserved by absafricatv.

    Type above and press Enter to search. Press Esc to cancel.