The Unemployment Insurance Fund will inject R381m into the SA Post Office (Sapo), says minister of employment and labour Nomakhosazana Meth.
This will be done via the temporary employer-employee relief scheme over six months.
She said the intervention is designed to provide immediate financial relief to 5,956 employees while "enabling Sapo to implement a sustainable turnaround strategy".
The state-run postal service was placed under business rescue in 2023, with millions owed to creditors.
TimesLIVE
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