JOHANNESBURG - The South African Post Office may be running out of time.
Business rescue practitioners may soon admit the turnaround plan can't work.
After being in business for more than 234 years, the entity is no longer financially viable.
Times have changed and it has also been poorly managed.
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It went into business rescue about two and a half years ago.
But a possible turnaround plan needs R3.8-billion in funding, money National Treasury does not seem prepared to spend.
The future of the Post Office could be addressed during the Budget speech later this month.