Communications minister Solly Malatsi has approached nationwide treasury for help in involving the non-public sector in saving the Put up Workplace.
The minister stated in a press release on Wednesday that he has requested for treasury’s help in forming a job group to “pursue non-public monetary and operational companions” for the beleaguered state-owned firm, which is in enterprise rescue and going through potential liquidation with out authorities help.
Malatsi, who’s a Democratic Alliance politician serving within the authorities of nationwide unity, stated his plan should significantly contemplate “privatisation eventualities” as a most popular choice to additional state funding of the Put up Workplace. He didn’t say whether or not he’s eager to privatise your complete enterprise, or to unload a few of its belongings.
“It’s clear that any allocation of beforehand dedicated funds to the Put up Workplace can be based mostly on a revised marketing strategy by the enterprise rescue practitioners that meets treasury’s expectations,” he stated within the assertion.
“As well as, we are going to work to make sure that there may be accountability for the failure to fulfill earlier situations that had been imposed for the monetary help the Put up Workplace acquired from the fiscus.”
Malatsi stated he’ll search an finish of the Put up Workplace’s monopoly over postal companies – together with the supply of small parcels and letters. He stated postal companies around the globe are “transitioning away from monopolies” and the “most popular final result for the Put up Workplace to get again on its toes by regaining the general public’s belief, together with public entities, not by way of obligatory use of its companies”.
Aggressive downsizing
“Moreover, retrenchments or the withholding of salaries must be averted because the Put up Workplace is already going through difficulties in attracting expertise and sustaining worker morale,” the minister stated. “There has already been obligatory however aggressive downsizing. Now a motivated and secure workforce is important to the success of any restoration plan.”
He stated he’s “dedicated” to exhausting “all affordable avenues to make the Put up Workplace financially sustainable”.
Learn: State extends Put up Workplace monopoly that’s already broadly ignored
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