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Podcast: First Take SA
Episode: Concern as SA Post Office business rescue plan fails, entity faces possible liquidation
Description: The South African Post Office, SAPO is facing possible liquidation, with Business Rescue Practitioners indicating they'll initiate proceedings. This comes after SAPO's business rescue plan failed to secure funding and implement a turnaround strategy. The collapse would have severe socio-economic implications, affecting millions of South Africans who rely on the Post Office for essential services. Over 4,300 employees were retrenched in 2023 and further job losses are expected. The Federation of Unions of South Africa, FEDUSA has blamed governance and oversight failures for the possible liquidation. Elvis Presslin spoke to FEDUSA General Secretary, Riefdah Ajam...