RCC on path to recovery, CEO says
Roads Contractor Company (RCC) acting CEO Maria Nakale says the company is on track to recovery, and should see operations normalise in the future.
She made the comments during a brief interview with Namibian Sun to discuss the company’s current operational status.
“It will take significant time to normalise the situation, but we are on the right track. We are in a storm but we should be able to resuscitate it. We have a responsibility to turn the company around,” Nakale said.
“We appreciate the assistance government is giving us,” she added.
Financial losses
Nakale also quashed fears that the company’s future would be determined by a business rescue process, saying such talks were not being considered. Government in 2017 toyed with the idea of placing the entity under judicial management as a means to rescue it from liquidation.
“I have never seen documentation that supports that view. There might have been talks that I am not privy to,” the acting CEO said.
RCC has year-on-year, since its establishment in 2000, posted financial losses. It was against this background that Cabinet considered placing the company under judicial management.
She made the comments during a brief interview with Namibian Sun to discuss the company’s current operational status.
“It will take significant time to normalise the situation, but we are on the right track. We are in a storm but we should be able to resuscitate it. We have a responsibility to turn the company around,” Nakale said.
“We appreciate the assistance government is giving us,” she added.
Financial losses
Nakale also quashed fears that the company’s future would be determined by a business rescue process, saying such talks were not being considered. Government in 2017 toyed with the idea of placing the entity under judicial management as a means to rescue it from liquidation.
“I have never seen documentation that supports that view. There might have been talks that I am not privy to,” the acting CEO said.
RCC has year-on-year, since its establishment in 2000, posted financial losses. It was against this background that Cabinet considered placing the company under judicial management.
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