SA Post Office Set For Possible Liquidation: Business Practitioners – Xavier Radio Ug

The Business Rescue Practitioner of the South African Post Office has notified Minister of Communications Solly Malatsi of their intention to file for liquidation of the state-owned entity. This was confirmed in a letter to the Minister on Friday.
However, Malatsi deems this premature amid active government talks, especially with National Treasury.
The Post Office entered business rescue in July 2023 to avoid liquidation, following provisional liquidation in February 2023 to address insolvency, debt and operational inefficiencies.
However, National Treasury has still not allocated the R3.8 billion funding sought by business rescue practitioners.
Minister Malatsi explains, “My office has received correspondence from the SA Post Office Business Rescue Practitioner expressing their interest to file for the liquidation of SAPO. It is my view at this stage that talk of liquidation is premature given the extensive ongoing conversations within government, particularly between the department and National Treasury regarding the prevailing situation at the Post Office. These engagements are focused on finding a way forward that balances the urgency of the Post Office situation, the welfare of the staff and the limited resources in the best interest of our country.”

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