The SA Post Office , the technically insolvent parastatal, is breathing a sigh of relief after reaching a payment plan with its employees’ medical aid fund to settle outstanding contributions of more than R600m.
Sapo has been mired in crisis for years and, like state-owned power utility Eskom, continues to rely on government bailouts to stay afloat. It received R2.9bn from Treasury in 2019 to settle loans and pay critical suppliers. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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