State doing all it can to stop Post Office liquidation, Gungubele tells MPs

Communications and digital technologies minister Mondli Gungubele says the liquidation of the Post Office is 'not an attractive option'.Minister of communications and digital technologies Mondli Gungubele has confirmed to parliament that the Post Office had a provisional liquidation order placed upon it by the courts, but says the government still intends to save the troubled entity and its assets.

ANC MP Hlebani Mthembu asked Gungubele how the provisional liquidation would affect ordinary South Africans and what the conditions were for the R2.4bn grant the Post Office received from the National Treasury. He added that the R2.4bn grant from the Treasury had a condition of addressing legacy issues, payment of creditors, launching the “Post Office of Tomorrow” master plan and tracking Sapo’s record on meeting bailout requirements.

He said 6.9-million beneficiaries who received their grants through the Post Office had also been affected.DA MP Tsholofelo Bodlani asked the minister why the government kept the current Sapo board in place if it hoped to save the entity from mismanagement and the closures of branches. ACDP MP Steve Swart asked Gungubele if the department would go to the courts on June 1 with an application to have the provisional liquidation removed to prevent a “fire sale of the entity’s assets”.

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