No more money for Post Office bailouts

[Daniel Puchert]

SA Post Office cut off

South Africa's finance minister, Enoch Godongwana, said that the South African Post Office (Sapo) will not receive any more government bailouts should it escape business rescue.

This was announced during the Minister's medium-term budget policy statement, delivered on Wednesday.

 

[RedViking]

There is always money. Use our tax.

 

[Supervan II]

When even the government can find no use for it ...

 

[Fuzzbox]

CLOSE DOWN ALREADY.

You are Irrelevant.

You STEAL , You SUFFER.

GOOD RIDDANCE.

 

[Willie Trombone]

Hot air

South Africa’s finance minister, Enoch Godongwana, said that the South African Post Office (Sapo) will not receive any more government bailouts should it escape business rescue.
….
However, if it were to receive this bailout, the finance minister has made it clear that it will be tough love from here on out regarding financial assistance from the fiscus.



I can only assume that’s political speak for bailout incoming.

 

[Enzo Matrix]

SA Post Office cut off

South Africa's finance minister, Enoch Godongwana, said that the South African Post Office (Sapo) will not receive any more government bailouts should it escape business rescue.

This was announced during the Minister's medium-term budget policy statement, delivered on Wednesday.

Shurrr Shurrr

 

[MagNorthDigital]

Just close it down. Sell of the assets to recoup some losses, and then steal that too. Its truly a clarion call when a country loses its post office.

I mean the idea of sending a message from one place to another has been formalised since before the pharos and the Pharaohs

 

[ProfA]

Same way Eskom and SAA won't get any more bailouts right, p03s?

 

[bwana]

Yeah, sure.

 

[Hemi300c]

Yeah right

 

[Brian_G]

If only American politics were this predictable too

Oh wait...

 

[Spontaneous spinach]

shut up! finally, we are getting packages from China in 30 to less than 30 days from China and y'all want it closed!??
SAVE IT!

 

[Intox]

First the treasury said no and now the Comms Minister also says no cash for SAPO.
This might really be the end of SAPO.

We don’t have money to save the Post Office: Malatsi

We don't have money to save the Post Office: Malatsi - TechCentral

Communications minister Solly Malatsi has told TechCentral that he is actively seeking ways to rescue the Post Office.

techcentral.co.za

“The engagement we had with treasury was that we should look within our budget to see if there are monies that we can use towards rescuing the situation at the Post Office,” Malatsi said. “But the truth of the matter is that within the department and the current budget, those resources are just not available.”

 

[Adeptus Mechanicus]

Who would have thought that rampant apathy, criminality and mismanagement would have led here.

...oh wait.

 

[Pegging]

I believe him.

The post office will be Renamed.
The new entity will receive a cash flow injection.

 

[Brian_G]

Since there are valued service needs (for some) from the PO, why don't they partner with a private interested party?

Of course that private company would have to be allowed majority management control... not sure the ANC GNU will accept that.

 

[chrisc]

All the PO have are lots of rented offices, many in rent arrear, hundreds of vans on hire and lots of useless staff.

What can the value be in that? Goodwill does not exist, unless it is a nostalgia thing, but that does not generate income

Three of the people I know who worked at our local PO which was closed in Sep 2023 rely on SASSA pensions. My neighbour said he saw one ex-staff begging at the traffic lights. They received no severance pay, no pension and the MEDS medical fund are chasing them for arrear contributions

 

[RedViking]

Wishful thinking.

They will start Post Office 2.0

 

[chrisc]

Come and gone

 

[Brian_G]

Come and gone

In a first world country maybe. Here, anything's possible.