ANC hails ‘milestone’ as Post Office applies to exit business rescue

ANC hails 'milestone' as Post Office applies to exit business rescue The ANC has welcomed the South African Post Office's (SAPO) application to exit business rescue, hailing the move as a critical turning point in restoring the State-owned entity to operational health. The decision marks a significant step in a broader turnaround strategy designed to ensure SAPO can fully discharge its national postal and digital mandates. Central to this milestone has been a major R381-million government investment injection. The ANC emphasised that this financial support played a pivotal role in maintaining continuous daily operations, safeguarding jobs, and providing relief to 5 956 employees who faced severe economic uncertainty. According to the ruling party, the structural progress achieved during the rescue process is aimed at transforming SAPO into a "highly viable, service-oriented institution". Beyond fixing internal operations, the party explained that this stabilisation is a key component of a larger national agenda, intended to rebuild public trust in key national institutions while restoring confidence in government's overall capacity to manage State-owned enterprises. Ultimately, a revitalised Post Office is expected to contribute meaningfully to local economic development, job creation, and broader economic transformation, the party said. Reaffirming its position on State-owned infrastructure, the ANC believes that the Post Office remains one of South Africa's most vital strategic entities. The formal application to exit business rescue is seen as a development that instils long-term hope, stability, and commercial credibility back into the institution, the party said.