'It's an obituary': MPs slam Post Office rescue plan

Opposition parties have condemned the South African Post Office (SAPO) business rescue plan, but the organisation's business rescue practitioners (BRP) say it's the only viable option.

The BRPs briefed members of the Portfolio Committee on Communication and Digital Technologies on Tuesday.

On Thursday last week, SAPO creditors agreed on a business rescue plan that includes 5 000 job losses and the closure of 420 loss-making branches.