Post Office hopes private investment will ease financial distress and bolster revenue
Details of partners selected and the nature of the revenue ventures agreed on will be disclosed as soon as the contracting process has been finalised
14 September 2020 - 17:58
The SA Post Office, which has been in financial distress to the extent that it might not be able to pay staff at the end of September and is seeking additional funding from the government to stay afloat, is close to finalising partnerships with several private sector entities.
“We are pleased to be this close to the historic milestone of onboarding private sector partners in various areas of our business because this is a necessary step towards the sustainability of the SA Post Office,” acting COO Refilwe Kekana said on Monday..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.