The Department of Communications and Digital Technologies welcomes the decision by the South African Post Office (SAPO) creditors to adopt the draft Business Rescue Plan.

08 Dec 2023
08 Dec 2023

"The Department of Communications and Digital Technologies welcomes the decision by the South African Post Office (SAPO) creditors to adopt the draft Business Rescue Plan. Prior to business rescue proceedings, the South African Post Office was placed in provisional liquidation as a result of its financially distressed position. The return date for the provisional liquidation order was set for 1 June 2023. However, given the vital role that SA Post Office plays and it being a key asset to Government, the DCDT sought to avoid the collapse of it by placing it under business rescue."