Govt confirms provisional liquidation of SA Post Office
Communications Minister Mondli Gungubele has requested the Post Office to provide him with a detailed account of the circumstances that led to the state-owned entity's provisional liquidation.
The SOE was placed under provisional liquidation after a successful court application by one of its creditors.
The Post Office has suffered repeated annual losses, while six thousand jobs are also on the line due to looming retrenchments.
This as the state-owned entity's debts stand at some R4 billion.
In a statement on Sunday, Gungubele said SAPO remains a crucial government service which caters to millions of citizens and cannot afford to cease its operations.
“The department and SAPO must work diligently to ensure that the Post Office transforms into an independent and profitable business entity for the benefit of the country's citizens.
“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 minister has requested that the SAPO board chair and the CEO to provide a detailed briefing on all litigations and debts currently facing the organisation.
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