Cyril signs Post Office Bill into law

PRAISE: STEP IN RIGHT DIRECTION - EXPERTS

- Brian Sokutu

President Cyril Ramaphosa's signing into law the South African Post Office (Sapo) SOC Ltd Amendment Bill, has been lauded by experts as a step in the right direction to turn around the financially ailing state-owned enterprise.

Sapo was last year placed under business rescue because it owed R8.7 billion. Key objectives of the new law include:

• Expanding the mandate of Sapo and repurposing SOE infrastructure to provide diversified and increased services;

• Enabling Sapo relevance and sustainability by including services responding to the needs of users and customers;

• Ensuring that the entity is empowered to provide other value-added services, to expand on its revenue generating streams; and

• Enabling the SOE to serve as a digital hub for government and other agency services - for businesses and communities.