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Post Office closing 130 branches
The South African Post Office is in the process of permanently closing 130 branches across the country.
The figure was confirmed by Post Office CEO Nomkhita Mona during a briefing to Parliament’s Portfolio Committee on Communications on Wednesday.
This comes after the Post Office was declared commercially insolvent, with its 2019/2020 financial results showing it had incurred losses of more than R1.7 billion, while its liabilities exceeded assets by R1.5 billion.
The South African Post Office is in the process of permanently closing 130 branches across the country.
The figure was confirmed by Post Office CEO Nomkhita Mona during a briefing to Parliament’s Portfolio Committee on Communications on Wednesday.
This comes after the Post Office was declared commercially insolvent, with its 2019/2020 financial results showing it had incurred losses of more than R1.7 billion, while its liabilities exceeded assets by R1.5 billion.