Report claims South African Post Office is broke and could struggle to pay salaries

[Hanno Labuschagne]

Report claims South African Post Office is broke and could struggle to pay salaries

A recent court case revealed that the South African Post Office is broke and it may struggle to pay salaries in September.

IOL reported that this is one of the points which emerged when the Post Office Retirement Fund unsuccessfully tried to force the Post Office to contribute to workers’ pension fund.

According to the report, the Post Office said only 55 of its 1,416 branches were profitable during the lockdown.

 

[Jola]

Hmm, I have not received any of the parcels ordered before lockdown.

I guess that they have been living off the proceeds of those parcels.

 

[neoprema]

 

[Raphael123]

Another failed SOE.

 

[Mephisto_Helix]

insert shocked face for everyone except those dodo's who believe the country is hella rich and doing fine

 

[Milano]

These SOE's seem clueless about getting loans. If it is awkward getting loans from SA's obscenely wealthy politicians, approach President Emmerson Mnangagwa, he is after all reputedly the richest man in Zimbabwe.

 

[Pegasus]

Eish!

The money was probably laundered through Jan's tuck shop.

 

[Aghori]

I remember how trustworthy the PO was in the 90's. Send a letter and it's almost guaranteed to reach it's destination in a day or two.

Now, those limp-wristed mouthbreathers at PO management are like midgets running around with creampies and stopping to periodically piss their pants and laugh.

 

[ginggs]

Does "post office" mean life after everybody works from home?

 

[boboudts]

OK, so it's back to runners with forked sticks?...phht

 

[borro]

Damn, I can't find my violin. Soz.

 

[TofuMofu]

Just the other day they said they are ready to be a state bank

The ANC really does fsck up everything they touch.

 

[ShaunSA]

Never fear when Jamnadas is here

I'm sure he will come up with a brilliant plan to save SAPO

 

[Aghori]

Never fear when Jamnadas is here

I'm sure he will come up with a brilliant plan to save SAPO

Having hope in Pravin Jumnidarse? I wouldn't even trust him to organise a cumfest in a whorehouse.

 

[Gozzy]

who uses SAPO these days, they fail at the one thing they suppose to be good at..... same with all the others... its like hiring an arsonist to head up the fire department!

Africa has proven that it just CANT do anything right and proper, should rename Africa to Africant....

 

[ShaunSA]

Having hope in Pravin Jumnidarse? I wouldn't even trust him to organise a cumfest in a whorehouse.

Nooit man! Remember how he saved Eskom and SAA!

 

[Thor]

Good riddance

 

[Binary_Bark]

A government run business has gone broke!?!?!?!?!

I'm shocked!

 

[pinball wizard]

A bankrupt SOE?

 

[Quicks]

Keep stealing & destroying soon no-one will have money to spend. How some people can defend the ANC is beyond me everything they put there hands on gets corrupted and broken.