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SA Post Office to go on ahead with rescue plan despite job losses

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GUEST - Anoosh Rooplal SAPO’s Business Rescue Practitioner

The South African Post Office (Sapo) business rescue plan has been endorsed by creditors, receiving the majority vote following the business rescue practitioners (BRPs) meeting with creditors on Thursday. However, the plan comes with substantial job cuts.

The joint BRPs – Anoosh Rooplal and Juanito Damons – confirmed the development on Thursday, noting that the two-phased restructuring of the business will enable it to fulfil its social mandate.

11 Dec 2023 3PM English South Africa Business News · Investing

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