Major blow for Post Office employees as application for relief funding fails iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Postbank was effecting social grant payments on its own from September 1 after its migration to its own payment switch on August 20 was successfully completed. However there were problems occasioned by the migration, which were widely reported in the media.
Minister of communications and digital technologies Mondli Gungubele has confirmed to parliament that the Post Office had a provisional liquidation order placed upon it by the courts, but says the government still intends to save the troubled entity and its assets.