Media Alert: SAPO to Brief Communications Committee on Progress With Business Rescue Plan

Parliament, Monday, 2 September 2024 - The South African Post Office (SAPO) is expected to brief the Portfolio Committee on Communications and Digital Technologies tomorrow on progress made by its business rescue practitioners (BRPs) in implementing the Business Rescue Plan.

Following severe financial constraints and a dire cash flow position, the High Court on 10 July 2023 granted government's application to put SAPO in business rescue. The BRPs were then appointed in the same month.

The Department of Communications and Digital Technologies is also expected to brief the committee on the KPMG Forensic Report on the Postbank's R89.5 million fraudulent transactions.

Details of the meeting are as follows:
Date: Tuesday, 3 September 2024
Time: 10:00 - 13:00

Venue: S12A, Ground Floor, NCOP Building

ISSUED ON BEHALF OF THE CHAIRPERSON OF THE PORTFOLIO COMMITTEE ON COMMUNICATIONS AND DIGITAL TECHNOLOGIES, MS KHUSELA SANGONI DIKO.

For media inquiries, please contact the committee's Media Officer:
Name: Justice Molafo (Mr)
Parliamentary Communication Services
Cell: 081 424 7481
Email: [email protected]