SAPO's Turnaround: From Financial Distress to Stability and Future Growth

Post Office enters 'high care' after business rescue

Post Office enters 'high care' after business rescue Vusi.Bafetane Thu, 06/18/2026 - 19:28 JOHANNESBURG -  The South African Post Office CEO believes the institution is on the way to becoming a sustainable organisation.The Post Office is set to come out of business rescue three years after embarking on the process. SA Post Office CEO, Fathima Gany, said, "In the South African concept, we use business rescue interchangeably with turnaround, reco…

Post Office moves to exit business rescue - but with no funded future

The business rescue process has stabilised the Post Office. Whether it survives now rests with its shareholder.

SAPO's turnaround: From financial distress to stability and future growth

South African Post Office creditors received 12 cents in the rand, 355 branches were closed, and more than 4,300 employees lost their jobs in a business rescue process over two years that is now drawing to a close. SAPO’s joint business rescue practitioners (BRPs) applied to the Pretoria High Court on June 12 for an order to end the business rescue and authorise the filing of a notice of substantial implementation of the adopted business rescue …

South African Post Office Business Rescue Heads To Court For Termination

Pretoria – The Joint Business Rescue Practitioners (BRPs) of the South African Post Office (SAPO) have filed an application in the Pretoria High Court seeking an order to end business rescue proceedings. The application, lodged on 12 June 2026, requests judicial authorisation to file a notice of substantial implementation of the adopted rescue plan, effectively concluding the process under section 132(2)(c)(ii) of the Companies Act. BRPs Anoosh …