The South African Post Office (Sapo) faces revitalization through a new bill, aiming to address its financial difficulties and transform its services.
It’s been on life support for years. The South African Post Office SOC Ltd Amendment Bill aims to rectify that.President Ramaphosa has given the nod to a new bill that the government hopes will reboot the ailing SA Post Office. Last year, it was placed in business rescue, owing creditors R8.7 billion. Government hopes the South African Post Office Amendment Bill will breathe new life into one of SA’s oldest surviving institutions, founded in 1792.
The bill expands the South African Post Office’s (Sapo) mandate and repurposes its infrastructure to provide a broader range of services. Solly Malatsi, Minister of Communications and Digital Technologies, said last month that the government wanted value for the nearly R176 million spent on the business rescue process so far — a cost that has been roundly criticised by trade unions. The intention is to pursue public-private partnerships to help wean the post office off National Treasury funding and return it to financial respectability.Parliament discusses SA Post Office’s fate a month after ‘day zero’ Like postal services worldwide, Sapo faces competition from private mail operators and courier services, and there is a steady migration to digital communications. The revised vision for the post office aims to transform it into a hub for government and other agency services, emphasising the provision of digital services to businesses and communities. “The post office will also be able to serve as a logistics partner to other e-commerce providers – including small enterprises and informal traders – and any future business that the state-owned company may develop to serve users and consumers,” according to a statement from the president’s office. The new-look post office will also be able to serve as a logistics partner to other e-commerce providers – including small enterprises and informal traders – and any future business that the state-owned company may develop to serve users and consumers
SOUTH AFRICAN POST OFFICE GOVERNMENT FINANCIAL RESTRUCTURING PUBLIC-PRIVATE PARTNERSHIPS DIGITAL TRANSFORMATION
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