• Skip to main content
  • Skip to header right navigation
  • Skip to site footer

Submit your local news to MyCapeTown HERE

  • WordPress
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube
  • Bluesky
My Cape Town

My Cape Town

Cape Town Community News and Events

  • Events
  • Daily News
  • Submit News
  • Dam Levels
  • Stratlec Shop
You are here: Home / Uncategorized / SAPO provisional liquidation long overdue

SAPO provisional liquidation long overdue

12 April 2023 by Alan

Dear Editor

Reports that the South African Post Office (SAPO) has now been placed under provisional liquidation by a single creditor, and that provisional liquidators have been appointed, comes as as no surprise.

The DA has been consistent in calling for the liquidation of the Post Office.

While the liquidators seek a pay-out for their client we equally hope that not only are personal debts covered for those who rented properties for PO branches, which were then surreptitiously closed leaving behind massive debts; but that the Post office employees’ and retired workers’ medical aid, UIF and pension contributions which the management has carefully and criminally failed to pay over for a number of years, are met in full.

This liquidation may indeed be the final straw for one of the most mismanaged entities within the Communications department.

We stand firm in our belief that the Post Office, being one of the many bottomless pit state-owned entities battling operational issues, is beyond repair, and should be liquidated.

The SAPO has lost millions in taxpayer money annually since 2013. It has slowly collapsed, despite massive bailouts, and is cutting jobs, and closing PO branches.

We have raised these issues time again, with the SAPO management in Portfolio meetings, in discussions with the Hawks, in statements and Parliamentary questions.

They were given yet another R2.4 billion earlier this year, despite the billions still owed to creditors, and previous massive bailouts from the taxpayers. This was surely a clear indication that no further bailout should be countenanced…yet it was.

The DA is against any form of bail out and will write to the Minister of Finance and call on him to confirm that there is no new bailout for SAPO but if there is, it must be used to pay the benefit contributions for staff and pensioners, not to cover SAPO debt to avoid liquidation.

Regards

Dianne Kohler Barnard MP
DA Shadow Minister of Communications

Category: Uncategorized

you may also love

Cape Town Lens: Oregon Dunes

A Cape Town Camps Bay tagged image from photographer – scottmccracken as published on Flickr. Oregon Dunes Image by …

Alleged robber accidently shoots off family jewels

A robber has accidentally castrated himself after he was arrested. Go to: Alleged robber accidently shoots off family jewels

Madibaz on a mission to avoid relegation battle

MyPR: FNB MNNU-Madibaz skipper Ivan Ludick will be asking for a team effort in their match against UCT on Monday. Photo: …

Cape Town Lens: Underwater

A Cape Town Heart of Cape Town Museum tagged image from photographer – A.Davey as published on …

About Alan

Previous Post:Stage 6 loadshedding – It could get worse
Next Post:Rolling blackouts & safety top the agenda

Copyright © 2026 · My Cape Town · All Rights Reserved · Powered by Reach Trust