Deputy Communications and Digital Technologies Minister Mondli Gungubele says government has promised to allocate R3.8 billion to fully implement the business rescue plan at the South African Post Office (SAPO).
The entity has warned that it will run out of money by next month, putting it at risk of liquidation.
The business rescue practitioners gave the warning in a presentation to the Portfolio Committee on Communications on Tuesday.
SAPO was placed under business rescue in July last year.
Gungubele says government is committed to ensuring that the Post Office is run by competent people in order to self-sustain.
