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South Africa

South Africa Forum/Politics

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Business rescue practitioners tell MPs they've turned SAPO around

ewn.co.za/2025/0...

submitted 12 months ago by Lthabo1999

Business rescue practitioners tell MPs they've turned SAPO around

submitted 12 months ago by Lthabo1999

Business rescue practitioners tell MPs they've turned SAPO around
  • The South African Post Office's business rescue practitioners have successfully improved the struggling entity and are now getting ready to hand control back to management after almost three years.
  • Despite facing criticism in the past, the team has managed to turn things around, resulting in a positive net asset value of R1 billion for the first time since 2012.
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