# 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.
Parliament is concerned by the Post Office’s turnaround strategy