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The Post Office said AARTO fines will be a critical revenue source for the struggling entity.
The South African Post Office is set to exit business rescue despite missing out on a R3.8 billion bailout.
The Minister of Communications and Digital Technologies, Solly Malatsi, said the Post Office has taken a significant step towards exiting business rescue.
From 2 May, Postbank services will no longer be available at Post Office branches, marking a new era for the state-owned bank apart from its old parent.
The Department of Communication and Digital Technology has killed the South African Post Office’s monopoly on delivering small parcels in the country.
The Post Office’s business rescue practitioners have announced cut off dates for sending mail and parcels to ensure they arrive at overseas destinations before Christmas.
The Post Office has explained how it measures its domestic mail delivery performance.
The South African Post Office’s branch footprint and employee numbers have shrunk to the point where the entity is now being dwarfed by private sector companies — especially in courier services.
Former Post Office CEO Mark Barnes says his dream of the entity being a direct channel between government services and residents is dead.