Hundreds of thousands of grant recipients will be affected by the decision, with warnings about the impact on the rural poor.
Browsing: Post Office
Business rescue practitioners Anoosh Rooplal and Juanito Damons have told MPs about their plans to rescue the Post Office.
The Post Office will not be liquidated but thousands of jobs are now set to go after creditors agreed to a rescue plan.
Communications minister Mondli Gungebele said he is optimistic that both the SABC and the Post Office can survive.
The Post Office is seeking another R3.8-billion bailout – but under a rescue plan, a jobs bloodbath seems inevitable.
The Post Office and Postbank this week described to MPs two institutions in disarray and losing money.
Post Office branches in KwaZulu-Natal anticipate not having sufficient cash on hand due to delivery delays.
The DA will lodge an urgent complaint at the Human Rights Commission against minister of social development Lindiwe Zulu.
Postbank’s legal dispute with payment switch provider has shed light on ongoing troubles in the payment of social grants.
The SABC may once again be teetering on the edge of financial collapse, with worries over the corporation’s sustainability.