‘Liquidation is value destructive’: Post Office seeks to exit business rescue

2026-03-27 - 16:51

The South African Post Office (Sapo) is working towards exiting business rescue, with officials signalling a renewed push to stabilise the struggling entity while avoiding liquidation. This emerged during a briefing to parliament’s Portfolio Committee on Communications and Digital Technologies on Friday, 27 March, where business rescue practitioners (BRPs) and government outlined ongoing challenges and progress. Sapo entered business rescue in July 2023 after facing provisional liquidation. Since then, 366 branches have been permanently shut, leaving 657 still operational, while 4 342 employees were retrenched in April 2024. Treasury snubs Post Office amid business rescue Hopes for direct financial relief were dashed when the National Treasury did not allocate R3.8 billion, as requested by