Post Office must explain provisional liquidation

[Hanno Labuschagne]

Post Office must explain provisional liquidation

South Africa’s government has requested more information from the state-controlled post office about financial problems that threaten its survival.

Minister of communications Mondli Gungubele said he wants SAPO, as the postal system is known, to provide him with a detailed account of its difficulties with a view to helping the agency transform into an “independent and profitable business,” he said in a statement on Sunday.

[Bloomberg]

 

[Petec]

"Minister of communications Mondli Gungubele said he wants SAPO, as the postal system is known, to provide him with a detailed account of its difficulties with a view to helping the agency transform into an “independent and profitable business,” he said in a statement on Sunday."

Ermmmm. Isn't this actually part of your job, to have done this asap when you landed your cushy position?

 

[dualmeister]

Best option for Post Office is to be put under business rescue: Gungubele - SABC News

Minister of Communications and Digital Technologies Mondli Gungubele has briefed Parliament that at this stage, the best option for the South African Post Office is for it to be put under business rescue. He briefed Parliament's Communications and Digital Technologies committee.

www.sabcnews.com