This has led to some landlords locking out Sapo from their properties, leading to loss of revenue in the closed branches.
In the column, he shared a letter he had written to Ntshavheni calling for a public-private partnership to save the ailing Sapo, a “strategic asset of national importance”.
the consortium, over and above the purchase consideration, will inject a capital sum equal to the determined value of agreed future losses to be funded in the form of low-yielding redeemable, convertible debentures which will either be repaid or converted into further equity in the post office coincident with the planned listing and further permanent capital raising in the post office in three years’...
Postbank will remain an integral part of Sapo in whichever structure is considered most appropriate and the National Treasury will continue to guarantee Postbank deposits until such time as Postbank is able to successfully apply for a banking licence regulated by the Prudential Authority within the SA Reserve Bank.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LISTEN | SSA warned police about July 2021 unrest from December 2020Former state security minister Ayanda Dlodlo appeared before the SA Human Rights Commission on Tuesday afternoon.
Read more »
LISTEN | SSA warned police about July 2021 unrest from December 2020Former state security minister Ayanda Dlodlo appeared before the SA Human Rights Commission on Tuesday afternoon.
Read more »
LISTEN | SSA warned police about July 2021 unrest from December 2020Former state security minister Ayanda Dlodlo appeared before the SA Human Rights Commission on Tuesday afternoon.
Read more »
Five members of Guatemala's anti-corruption prosecutor's office quitFive members of Guatemala's anti-corruption prosecutor's office have resigned from their posts this month, the Public Ministry said on Monday, after two of them publicly denounced what they called unjust prosecution.
Read more »
TONY LEON: The fundamental flaw at the heart of anti-foreign worker sentimentEye-wateringly huge firms at the frontier of the fourth industrial revolution owe much to immigrants 🔒
Read more »
Deutsche Bank warns staff against deleting WhatsApp messagesDeleting business-related communications going through private channels could be considered a crime
Read more »