Trade Unions and an economic expert have welcomed last week’s announcement that Business Rescue Practitioners had submitted an application for the South African Post Office (SAPO) to the Gauteng High Court to exit Business Rescue and be handed over to the new board.
Trade unions and an economist have welcomed the move to return the South African Post Office (Sapo) to normal governance after Business Rescue Practitioners (BRPs) submitted an application to the Gauteng High Court for the entity to exit business rescue and be handed over to its newly appointed board.
The development marks a significant milestone in Sapo’s lengthy recovery process, which began in 2023 when the state-owned postal operator entered business rescue amid mounting financial difficulties, operational challenges and declining revenues.
Congress of South African Trade Unions (Cosatu) parliamentary coordinator, Matthew Parks, described the announcement as encouraging and a positive response to calls from organised labour for fresh leadership at the struggling entity.
“This is encouraging news following the recent appointment of the Sapo board. These respond positively to the call by the federation and its affiliate, Communications Workers’ Union (CWU), and workers at Sapo for fresh, competent, and committed leadership to be put in place and tasked to restore this once thriving public entity to its former glory and for Sapo to exit business rescue,” he said.
