SA Post Office too broke to pay suppliers
27 February 2022
The South African Post Office is too broke to pay its suppliers making it one of the worst violators of the government commitment to settle invoices within 30 days.
While President Cyril Ramaphosa consistently waxes lyrical about his administration’s commitment to ensure the payment of invoices within 30 days, the Post Office, like many other State entities, continues to shamelessly defy this without any consequences.
In a recent reply to a parliamentary question by the DA, it has emerged that the Post Office currently owes its suppliers a total of R485 million emanating from 196 unpaid invoices.
This figure includes 116 invoices worth R119 million which haven’t been paid within the required 30 days period and a further 63 invoices amounting to R270 million over 120 days.