Nashua pulls plug on post office printers | Print4Pay Hotel

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Nashua pulls plug on post office printers

reported on itweb.co.za
Nashua, an office equipment dealer, cut off printer services to insolvent SAPO due to a R14.1 million debt.
SAPO's financial crisis led Nashua to cease services, resulting in a complete write-off of the debt owed.
Despite previous support during SAPO's financial distress, Nashua faced substantial losses due to the sudden business rescue decision.
Reunert's ICT division saw reduced performance due to SAPO's debt, load-shedding, and other factors.
SAPO's business rescue plan may involve significant job cuts as part of its modernization efforts.
SAPO owes substantial amounts to multiple creditors, indicating severe financial instability
Government expresses commitment to salvaging SAPO and preserving its role in the country's infrastructure.

12/6/239:58 PM

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