SAPO has acknowledged years of financial mismanagement, irregular expenditure and failure to meet contractual obligations. These issues continue to hinder its ability to recover, even under a court-approved business rescue plan.

The South African Post Office (SAPO) has acknowledged years of financial mismanagement, irregular expenditure and failure to meet contractual obligations. These issues continue to hinder its ability to recover, even under a court-approved business rescue plan. Presenting to parliament’s Standing Committee on Public Accounts (Scopa) on Tuesday, SAPO CFO Lenny Govender confirmed that irregular expenditure stood at R2.