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SAPO exits business rescue as digital overhaul shifts to new board

The South African Post Office’s business rescue practitioners apply for a court order to end the business rescue proceedings, but modernisation plans remain in limbo.

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SAPO exits business rescue as digital overhaul shifts to new board

South African Post Office exits business rescue with stabilized R840M balance sheet, but misses R3.8B government funding for digital overhaul. Critical modernization now rests on new board execution without state capital—a governance failure in public infrastructure digital transformation.

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iol.co.za1 mese fa

SAPO's turnaround: From financial distress to stability and future growth

The South African Post Office has successfully concluded its business rescue process, significantly reducing creditor debt and stabilising its operations, paving the way for future growth and modernisation.

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SAPO exits business rescue as digital overhaul shifts to new board

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SAPO exits business rescue as digital overhaul shifts to new board

SAPO's turnaround: From financial distress to stability and future growth

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SAPO's turnaround: From financial distress to stability and future growth

South Africa saves 234-year-old Post Office from collapse after cutting 4,300 jobs

South Africa saves 234-year-old Post Office from collapse after cutting 4,300 jobs

SA Post Office exit from business rescue welcomed as unions call for urgent turnaround, job security

SAPO exits business rescue as digital overhaul shifts to new board