Discover how the Congress of South African Trade Unions (Cosatu) is optimistic about the future of the South African Post Office following the appointment of a new Board and the application to exit business rescue. Learn about the implications of these changes for the postal service and its impact on communities.
The Congress of South African Trade Unions (Cosatu) has been encouraged by two key developments for the stabilisation and turnaround of the South African Post Office (SAPO) have recently taken place.
First was the appointment of a new Board.
Second was the lodging of an application at the Gauteng North High Court for SAPO to exit business rescue. These important steps send a positive signal that SAPO is preparing to turn the corner after years of freefall.
SAPO’s decline, like many other state-owned companies, was allowed to take place and even facilitated over the decade of state capture and corruption.
