In light of the published articles pertaining to its provisional liquidation, the South African Post Office (Sapo) on Friday affirmed a substantial commitment to ensuring its long-term survival.

The Sapo contended that the much-publicised provisional liquidation order related to a debt that had been settled.

In sounding out the details of its turnaround strategy, the Sapo asserted that its ‘Post Office of Tomorrow Strategy’ was sound and would achieve its objectives. 

It pointed to the support of “the shareholder” through funding of R2.4-billion from National Treasury to enable it to settle with some of its historical creditors, while implementing the strategy to achieve sustainability.

“The SA Post Office remains committed to the long-term viability of its business and has, as such, been engaging with stakeholders on its business turnaround strategy. The organisation has the support of its shareholder and is addressing the matter with the appropriate legal support, so as to ensure that the interests of all stakeholders are protected,” the Sapo said. 

The Post Office highlighted the importance of safeguarding itself in the best interests of all citizens, creditors and stakeholders. Further, it placed emphasis on the crucial role that the Post Office played in the delivery of services.