The state entity has told Parliament that 'day zero' could arrive as early as October unless it receives a financial injection.
CAPE TOWN - The South African Post Office says it's not out of the woods yet and is facing"day zero" where it will run out of funds, putting it at risk of liquidation.
SAPO was briefing Parliament's Communications and Digital Technologies portfolio committee on the business rescue process and its financial state. SAPO was on the brink of being liquidated last year before it was ultimately placed under business rescue.However, while there have been slight improvements since then, the entity is still staring"day zero" in the eye unless it receives urgent funding.
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