# The South African Post Office has requested an additional 3.8-billion-rand to finalise its business rescue plan. Over four-thousand-300 workers have already been retrenched and 360 branches closed. Business rescue practitioners have warned that the postal service may not complete its turnaround, which focuses on IT modernisation and digital expansion, without the funds. The practitioners lauded the Post Office debt reduction and improved finances since entering business rescue in 2023, however, approval of the second tranche remains critical for its survival.
Post Office seeks R3.8-billion to complete business rescue amid job losses