Post Office hopes private investment will ease financial distress and bolster revenue

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa News News

Post Office hopes private investment will ease financial distress and bolster revenue 🔒

The SA Post Office, which has been in financial distress to the extent that it might not be able to pay staff at the end of September and is seeking additional funding from the government to stay afloat, is close to finalising partnerships with several private sector entities.

“We are pleased to be this close to the historic milestone of onboarding private sector partners in various areas of our business because this is a necessary step towards the sustainability of the SA Post Office,” acting COO Refilwe Kekana said on MondayA subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines