The South African Post Office (Sapo) is hoping to avoid a strike next week that could scupper attempts to raise funds for a turnaround plan.
So far Sapo has managed to raise R1.8 billion of the R2.7 billion it requires for survival, according to BD Live.
CEO Mark Barnes said part of the money raised would go towards funding worker demands, which includes a two-year overdue wage increase and the conversion of casual workers into permanent staff.
While the turnaround plan does include an approved proposal for a wage increase package, Barnes is unwilling to make any promises until all the money for the plan has been raised.
Sapo has not fully recovered from the business lost during its previous disruptive strike.
Online sources reported that the two-day strike was to take place between May 5 and 6.
