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EWN reports that members of Parliament's communications and digital technologies committee will visit the headquarters of the SA Post Office (Sapo) in Johannesburg next week for a first-hand update on the business rescue process.
Chairperson Khusela Diko said that the future of employees was the paramount concern. But she also welcomed an announcement by Minister Solly Malatsi that strategic partners should be found that could help save the beleaguered state-owned company. Despite a day zero warning by its CEO Fathima Gany last October, Sapo continues to limp on. Diko said that MPs want to see a turnaround plan for Sapo, which the business rescue practitioners have not yet shared with Parliament. "Obviously, our biggest worry is around the workers at the post office and we are hoping that differences with the business rescue practitioners will be resolved to at least cover the operational expenses of the post office," Diko indicated. Finance Minister Enoch Godongwana has up until now rejected a request for a R3.8 billion bailout for Sapo and he is likely to hold that line when he tables the national budget on Wednesday. Last week, the Communications Workers Union warned that it did not foresee Sapo operating beyond the end of February.
- Read the full original of the short report in the above regard by Lindsay Dentlinger at EWN
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