State-owned postal service that collapsed after 14 consecutive years of financial losses (2013-2026). Placed under business rescue on 10 July 2023 owing R8.7 billion. Over R10 billion in taxpayer bailouts consumed.
Opening the institutions index…
State-owned postal service that collapsed after 14 consecutive years of financial losses (2013-2026). Placed under business rescue on 10 July 2023 owing R8.7 billion. Over R10 billion in taxpayer bailouts consumed.
Case themes: SOE Looting (1) · Social Grant Fraud (1)
One institution on the record. The file it belongs to runs to hundreds.
R19 billion+