Ntshavheni Announces Lifeline for Post Office
Written by Mfundo on 24 March, 2022
By: Sanelisiwe Dlangamandla
Communications and Digital Technologies minister Khumbudzo Ntshavheni says Treasury is considering a lifeline of around R1.6 billion over the next two years for the South African Post Office (SAPO).
The minister has provided answers to Members of Parliament during a question and answer session for Treasury.
She has revealed that Sapo is in a range of arrears, namely rentals and operational costs with over R304 million owed due to the troubled state-owned entity’s constrained cash flow.
When asked about a report that she tried to canvas for R9 billion, the minister has denied this.
She says the publications that have been reporting on this have been inaccurate, adding that they met in a private meeting to ensure SAPO’s confidentiality.
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