South Africa's Communications Minister proposes privatizing the Post Office to avoid bailouts and secure R3.8bn for its rescue plan.

South Africa’s Communications Minister Solly Malatsi is proposing to privatize the struggling South African Post Office (SAPO) to avoid further government bailouts. He seeks National Treasury's support to establish a task team that will explore partnerships with private financial and operational entities. This initiative aims to modernize SAPO, enhance its efficiency, and secure the R3.8 billion needed for its business rescue plan by October.

October 02, 2024
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