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The SA Post Office (Sapo), 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. ..

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