BRPs file business rescue termination application for the SA Post Office at the Pretoria High Court

[mylesillidge]

End of the Post Office's business rescue

The South African Post Office's (SAPO's) business rescue practitioners (BRPs) have filed an application for the state-owned company to exit business rescue at the Pretoria High Court.

The BRPs filed the application on 12 June 2026 and are awaiting a court date to have their application heard and obtain an order terminating the rescue proceedings.

 

[Jan van Riebeeckstad]

Giving up or is the Post office functioning?

 

[FiestaST]

The PO by Sable Square, Milnerton, was replaced by a Bin Rashied's

The exact spot.

I kid you not, dig their chow

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View this content on Instagram

 

[Fuzzbox]

How will the POST Office be funded ?
Or is it out with the begging bowl again,

Defies logic that it is even running at all.

 

[ISP cash cow]

Regarding its debt, more than 99% of creditors accepted the offer of 12 cents to the rand distribution, which amounted to a total payout of R1.105 billion to settle the Post Office’s historical debt.

“SAPO’s balance sheet improved materially, moving to a positive R840 million, from a negative net asset value of R7.9 billion, which rendered the organisation technically insolvent,” the BRPs said.

Who would of thought that only paying 12 cents to the rand to your creditors would have improved the Balance Sheet

 

[gconey]

Going out of business rescue and already half way to the next business rescue

 

[Brian_G]

Yeah, enough of these and SABC license threads, nothing will ever change

 

[Jan van Riebeeckstad]

Yeah, enough of these and SABC license threads, nothing will ever change

@mods please ban all the people who do not pay their TV license, the are criminals

 

[RedViking]

Let the stealing begin.

 

[RedViking]

How will the POST Office be funded ?
Or is it out with the begging bowl again,

Defies logic that it is even running at all.

Pay your tax and there will be no issues with funding corruption.

 

[ArmatageShanks]

Well, props to the business rescue practitioners, its a massive improvement for a company that was insolvent by the Billions.

Alas though, I have no faith that the next cadre will keep the improvements going.