By Johnathan Paoli
In a move to rescue the struggling South African Post Office (SAPO), Employment and Labour Minister Nomakhosazana Meth has formally announced the implementation of a R381 million relief package through the Unemployment Insurance Fund (UIF).
Meth said the memorandum of agreement between SAPO and the UIF was a “bold and necessary step” to restore public confidence in one of South Africa’s most vital state-owned enterprises.
“Today marks the beginning of a strategic partnership rooted in the protection of workers, economic resilience and the restoration of institutional integrity. The TERS (Temporary Employer-Employee Relief Scheme) programme is not just about funding, it is a strategic tool to stabilise employment, promote recovery and ensure that no worker is left behind,” Meth said.
The deal is designed to safeguard nearly 6000 jobs and support SAPO’s long-term turnaround strategy.
The funding will be disbursed in monthly tranches via a dedicated TERS bank
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