insert_link South Africa S.A Post Office Bailout Falls Short-Diko S.A Parliament Portfolio Committee for Communications and Digital Technologies chairperson Khusela Diko, says the 150-million-rand fund allocated to the country's Post Office is insufficient in addressing financial and operational challenges. The post office has been in business rescue since July 2023. The entity needs 3.8-billion-rand bailout to avoid liquidation. Diko acknowledges that SAPO remains in crisis with workers situation unsustainable: today1 March, 2025
insert_link South Africa S.A’s union Cosatu welcomes the agreement reached by the South African Post Office with unions to temporarily suspend retrenchments S.A's union Cosatu welcomes the agreement reached by the South African Post Office with unions to temporarily suspend retrenchments. This as the business rescue practitioners have launched an urgent application for assistance from the Unemployment Insurance Fund Temporary Employment Relief Scheme. Cosatu’s, Matthew Parks, says it is fundamental that governments at all levels utilise the Post Office and the Post Bank as their postal and banking service provider, injecting invaluable […] today25 April, 2024
insert_link South Africa South African Post Office Halts Retrenchments Saving Thousands of Jobs The South African Post Office has reached an agreement with unions to suspend retrenchment notices for a minimum of 12 months, preserving approximately 4,700 jobs. In a significant move, the Post Office's business rescue practitioners have applied for assistance from the Unemployment Insurance Fund's Temporary Employment Relief Scheme. Under this arrangement, the scheme would cover 75% of workers' salaries, with the Post Office contributing the remaining 25%. Anoosh Roopla, the […] today25 April, 2024
