Scrutiny mounts over R86 million spent on South African Post Office business rescue

PARLIAMENT'S Standing Committee on Public Accounts (Scopa) has expressed serious concerns regarding more than R86 million paid to the South African Post Office (Sapo) business rescue practitioners (BRPs), Anoosh Rooplal and Juanito Damons, since their appointment in 2023.

- BANELE GININDZA

Members of Parliament on Wednesday questioned the revelation of zero consequence management at Sapo as wasteful and fruitless expenditure was sitting above R200 million since 2021.

This comes as R152m remains unaccounted for in the current year, with further reports of R136m being written off by the BRPs.

"I would like to understand that it is two people, that is already R86m spent on them, please Auditor-General, take us nicely. Did you have sight of what the R86m was paying for? What are the other consultants? What is the period of these people being there," asked MP Veronica Mente-Nkuna.

"History has treated us badly with business rescue We saw with SAA that has turned itself around but the business rescue process did hot have much contribution in turning it around.”