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.
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R19.0 billion
Total financial exposure
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.
R19 billion+
Incalculable (millions of beneficiaries at risk)
Economic Impact