SA Post Office suffers R1 billion operating loss

[BusinessTech]

SA Post Office suffers R1 billion operating loss

The DA says that the South African Post Office (SAPO) Annual Report for the year ended 28 February 2015 has finally been tabled before Parliament - eight months late.

 

[Wall]

Bleak reading

 

[CAPS LOCK]

This about to go live in 4 minutes. Public protector's report on SAPO.

[video=youtube;51JvFBUgo7g]https://www.youtube.com/watch?v=51JvFBUgo7g&feature=youtu.be[/video]

 

[Jola]

So I guess that I will never receive my parcels ?

 

[konfab]

This about to go live in 4 minutes. Public protector's report on SAPO.

[video=youtube;51JvFBUgo7g]https://www.youtube.com/watch?v=51JvFBUgo7g&feature=youtu.be[/video]

Watching it

 

[MickZA]

With debt of nearly R1 billion, new CEO at SAPO, Mark Barnes, has asked Treasury for a a bailout of between R2.5 billion and R3.5 billion to fund its turnaround, Business Day reported.

Best of luck to Mark Barnes in the turnaround as the staff have totally destroyed the PO's business model. I only visit the PO to renew vehicle licences, I've no faith in their ability to perform their prime function of delivering mail & parcels.

 

[Ninja'd]

- eight months late.

Say what you will of SAPO but at least they're consistent.

 

[Napalm2880]

- eight months late.

Say what you will of SAPO but at least they're consistent.

 

[Drifter]

So I guess that I will never receive my parcels ?

Your parcels have long ago been redistributed, for the sake of equality and previously disadvantaged people. As have many of mine.

Some PO Clerks son is trying to figure out how to build my limited edition 1/24 scale Mosquito I imported from the UK. (Tried to Import).

 

[ngwe23]

Dear SAPO;
I have you covered.
Regards
Tax payer.

 

[Acid0]

Dear SAPO;
I have you covered.
Regards
Tax payer.

It would have been more funnier if it was not the truth...