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Post Office's turnaround plan
The Citizen
|June 18, 2025
HURDLES: CONCERN OVER CYBERATTACKS, LIMITED SKILLS
The South African Post Office (Sapo) has a plan in place to turn its business around by 2029, though several hurdles remain that it must overcome to reach its goals.
In 2023, the state-owned enterprise entered business rescue with R8.7 billion in outstanding debt to creditors. It requested a R3 billion bailout at the end of last year to avoid liquidation, but National Treasury decided against the move.
For the financial year 2024-25, business rescue practitioners paid creditors R1 billion.
Cette histoire est tirée de l'édition June 18, 2025 de The Citizen.
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