Stefan Mappe raises concerns about the Post Office's debt and legal challenges, asking for more information Minister raises


Key Highlights :

1. The South African Post Office is facing provisional liquidation.
2. Social services such as grant payments disbursed through the SAPO will not be adversely impacted.
3. The minister assures the public that all necessary steps will be taken to ensure continuous provision of social services, timely grant payments, efficient workforce, and harmonious negotiations with SAPO's creditors towards favourable outcomes.


     The South African Post Office (SAPO) is facing a number of outstanding debts and litigation, which the Communications and Digital Technologies Minister, Mondli Gungubele, wants a detailed briefing on.

     According to a report in the Sunday Times, the SAPO has a debt of R1.5 billion, and is also embroiled in a legal battle with the South African Revenue Service (SARS).

     Gungubele said that he wanted to know the full extent of the SAPO's financial problems, and what steps the government was taking to address them.

     He added that the government was also considering whether to nationalise the SAPO.

     The SAPO has been struggling financially for some time now, and Gungubele said that the government was doing all it could to help the organisation turnaround.

     He said that the government was also considering privatising the SAPO, but added that this was still a matter of discussion.

     Gungubele said that he wanted to know the full extent of the SAPO's financial problems, and what steps the government was taking to address them.

     He added that the government was also considering whether to nationalise the SAPO.

     The SAPO has been struggling financially for some time now, and Gungubele said that the government was doing all it could to help the organisation turnaround.

     He said that the government was also considering privatising the SAPO, but added that this was still a matter of discussion.



Continue Reading at Source : fin24