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Business rescue reprieve for embattled post office

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Acting comms minister lauds move to put SA Post Office under supervision and in business rescue. businessrescue SOEs SAPO

Finance and acting communications minister Enoch Godongwana has welcomed the move to place the ailing SA Post Office under supervision and in business rescue.

SAPO’s business rescue is to avert final liquidation, after it was placed in provisional liquidation on 9 February. The provisional liquidation came after Bay City Trading 475, to which the post office owed rent, approached the court for such an order. “SAPO is a strategic government asset that provides vital services throughout the country, especially in remote areas where SAPO is often the main link between residents and the outside world.

Gungubele adds it is a crucial government service platform that caters to millions of citizens and cannot afford to cease its operations.and incumbent DCDT ministers have been determined to hang on to the ailing entity, saying government has no intention to sell the post office.

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 /  🏆 45. in KR
 

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