As IMD offers print publications as part of its media package it is important that we share with you the latest news.
The SA Post Office (SAPO) – another SOE breaking under the strain of incompetence, corruption and typical government inefficiency – was placed under provisional liquidation last week. As a great portion of our print uses SAPO we felt it necessary to bring our readers up to date with the latest development.
This consists of a letter from SAPO Western Cape office (not the Head Office) stating that they wish to reassure its stakeholders, employees, customers and service providers that it “has engaged the appropriate support to ensure that the organisation continues to act in the interest of all its stakeholders.”
Government has paid out R2.4-billion to settle the historical creditors and remains “confident that its turnaround plan, ‘The Post Office of Tomorrow’ strategy is sound and will indeed achieve its objectives.”
We are not commenting on its future but to reassure our readers that we will continue to seek alternative methods of distribution while still using SAPO. This will be closely monitored and we will continue with our highly successful reader/user registration programme that can provide better insight as to the geographical areas of our readers, which can contribute to looking at alternative distribution methods.