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Parliament is concerned by the Post Office’s turnaround strategy

# Parliament’s select committee on Economic Development and Trade has expressed concern regarding the work of the business rescue practitioners on the South African Post Office’s turnaround strategy. A total of four-thousand-875 employees were retrenched in 2024, after the Post Office entered business rescue, with an 8.7-billion-rand debt. It has been backed by a 2.4-billion-rand state bailout. Committee chairperson, Sonja Boshoff, says a turnaround plan cannot rely on slogans or structural tinkering, but must restore credibility, modernise operations, and rebuild trust with the South African public.