Cash-strapped Post Office unable to pay service providers
Affected by Covid-19 restrictions and the economic downturn, it is paying creditors according to a priority list
01 March 2021 - 18:33
The cash-strapped SA Post Office (Sapo) is unable to pay rent for some of its premises and service providers, leaving many, especially small, medium and micro enterprises (SMMEs) in a bind at a time when Covid-19 has already dealt a blow to the economy.
The Post Office, which has unpaid invoices totalling R638m, has admitted that it is battling to pay its creditors and is servicing debt according to a priority schedule, which it says is being communicated to all service providers...
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.