Post Office might crash for good without R3,8 billion bailout: CWU

The South African Post Office (SAPO) will stay open for another month thanks to a R150 million from National Treasury. However, its long-term survival still depends on securing billions from the fiscus.

According to the Communication Workers Union (CWU), should SAPO not receive a R3,8 billion bailout necessary to complete its business rescue plan, it may end up shutting its doors for good.

CWU National Bargaining Coordinator, Nathan Bowers, says, “In this scenario, we have a Post Office that is understaffed, communities not getting the services. So, part of the plan must be to be able to re-open those offices and also to fix those offices in areas where we can either fix or hire more spaces in offices that used to make profits.”

Ramaphosa signs new laws to help reboot ailing SA Post Office – Khaya Sithole and Nathan Bowers weigh in:

https://www.youtube.com/watch?v=G7T3UEmWhp0