Question NW2936 to the Minister of Telecommunications and Postal Services
30 October 2017 - NW2936
Mackenzie, Mr C to ask the Minister of Telecommunications and Postal Services
(a) For which purpose and/or programme was R650 million in recapitalisation funds allocated to the SA Post Office in the second quarter of the 2016-17 financial year, (b) what amount of the recapitalisation funds was allocated for each purpose and/or programme and (c) on what date was each amount allocated?
Reply:
I have been informed by the Department as follows:
- (b) (c) The allocation was for the recapitalization of SAPO to implement its strategic turnaround plan. The total amount of R650 million was for the recapitalization of SAPO to enable it to implement its strategic turnaround plan. The total amount of R650 million was transferred to SAPO on 18th April 2016
Approved/Not Approved
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Dr Siyabonga Cwele, MP
Minister of Telecommunications and Postal Services
Date: