SAPO IS BUST & ITS FLEET IS GROUNDED

12 August 2015

Congress of the People has for some time been drawing attention of the public to the dire financial situation at SAPO. Now it has virtually come to a standstill.

SAPO has no money to but fuel. SAPO vehicles cannot, therefore, collect mail from post boxes. Its trucks can no longer do the Durban to Cape Town route, and other routes as well. The SAPO fleet is grounded, The credit cards are no longer functional.

The situation at SAPO is literally and figuratively hopeless.

Post office to post office delivery has stopped.

The negative impact on the economy is considerable. What is happening at SAPO is symptomatic of the malaise afflicting state owned enterprises. The Zuma administration planted cadres in state owned enterprises and is now reaping the whirlwind.

Zuma’s legacy will be a shattered economy and a failing state.

Congress of the People reiterates that 55% of SAPO shares should be sold to the private sector. SAPO cannot recover and the Treasury is too depleted to help it.

The longer ANC supporters keep Zuma and his administration in office, the faster South Africa will speed toward economic destruction. Very soon taxpayers will be called upon to pay higher taxes and even a wider range of taxes to keep the government afloat.

Those of us who broke away from the ANC to form Congress of the People knew too well what was in store for the country under Zuma. We had seen the red lights flashing and we broke away. After seven years the eyes of people such Julius Malema and Zwelinzima Vavi have also been opened. We have no doubt that very soon all of those who gave Zuma blind support will see daylight also. 

SAPO is the harbinger of what is to come.

Statement issued by Dennis Bloem, COPE spokesperson, August 12 2015