Working class ‘need post office’

'NOT VIABLE': GOVT SAYS IT CANNOT BAIL OUT SOE

- Brian Sokutu

Economists warn that the loss-making SA Post Office (Sapo) is not a viable business entity. The country's second-largest labour federation, the South African Federation of Trade Unions (Saftu), has stepped up pressure against the imminent liquidation of Sapo.

Saftu general secretary Zwelinzima Vavi on Sunday demanded "urgent and decisive action to save the South African Post Office from liquidation".

He expressed concern that Finance Minister Enoch Godongwana did not comment on allocating R3.8 billion to the state-owned enterprise in delivering the medium-term budget policy statement.