Provisional liquidation orders issued against Post Office as creditors scramble for payment

The tug of war among creditors of the South African Post Office (SAPO) is intensifying with more than one provisional liquidation order already granted against the financially stressed state-owned entity.

On 9 February, the North Gauteng High Court in Pretoria granted a provisional liquidation order to Bay City Trading 457 for rent due by the SAPO. A return to court date was 1 June for parties to show why the SAPO should, or should not be placed in final liquidation.