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File image: Post Office worker assists customer.
Parliament’s portfolio committee on communications and digital technologies has called for the dismissal of the business rescue practitioners overseeing the South African Post Office (SAPO) business rescue.
The committee is frustrated that the practitioner has not developed a viable plan to restore the struggling entity’s financial health.
Committee Chairperson Khusela Diko says, “The portfolio committee has met with these business rescue practitioners a number of times last year. In our engagements with them, while we understand some of the work that they’ve done with the Post Office, some of the successes they’ve recorded, specifically around managing the debt, we don’t think that they have gone far enough.”
“ We are 180 Million down the line, a year later, but you still don’t have a plan that is going to take the Post Office beyond its current state. The question that we’ve been posing, both to the business rescue practitioners and the minister is that how do we ensure that the Post Office is returned to solvency, returned to liquidity, it’s got a strategy that makes it sustainable,” Diko adds.
PODCAST: Interview with Diko on SAfm’s The Morning programme regarding the Post office:
