SAPO on the brink of collapse

[Jamie McKane]

SAPO on the brink of collapse

The South African Post Office (SAPO) is on the brink of collapse and is facing bankruptcy despite receiving R8 billion in bailouts since 2014.

This is a warning from the DA’s shadow deputy minister of communications and digital technologies, Cameron MacKenzie.

 

[Pineapple Smurf]

 

[TelkomUseless]

shocked

And more bail outs coming in....

 

[surface]

SAPO is at least more useful than SAA as one can at least get license disks done and get parcels (1 out of 3) from chyna.

 

[rietrot]

Can we have a list of SOEs not on the brink of collapse.

 

[geezer]

Can we have a list of SOEs not on the brink of collapse.

Comprehensive list set out below:

 

[Cray]

Can we have a list of SOEs not on the brink of collapse.

See below....

 

[Cray]

Comprehensive list set out below:

Doh, beat me to it.

 

[supersunbird]

Again?

 

[duckgray]

 

[Binary_Bark]

 

[Rickster]

Did that white guy not fix?

 

[Sarg3_ZN]

Gotta love SA, a new day, a new SOE with a possible bankruptcy claim

 

[supersunbird]

Did that white guy not fix?

He wanted to but the black guys in government had other ideas:

“We needed all the ingredients for the Post Office to complete its turnaround strategy, but those ingredients were not made available to us by the shareholder,” he said.

Looking back at his resignation in 2019, he said it became an easy decision after he looked at the facts.

“There is no Post Office in the world which has succeeded in the new age without access to the national payment system and financial transactions,” he said.

“It is no longer about post. It is about having a government infrastructure – a series of two-way channels – which have huge relevance in the modern world.”

This means when the government decided the Post Office Bank should be held separately, Barnes could no longer promise the delivery of a fully integrated, functional, and financially sustainable Post Office.

Barnes said he believes the government’s current strategy around the Post Office is going to fail, which is why he decided to resign.

 

[ProfA]

I'm actually pretty impressed they lasted this long.

 

[Lupus]

Don't deliver packages cause they more then likely get "lost", don't deliver mail, so if you don't do what your core function, what did you expect?
So another SOE, I mean has anything the government touched worked?

 

[Captain Beer]

On the brink? I was at the local agency a few months ago trying to post a letter but they didn't have any stamps in stock
There's also several small towns here in the Western Cape which no longer have a postie, no more knock, ring, letters through the door. Instead residents collect their mail at the farmer's co-op.

 

[surface]

I'm actually pretty impressed they lasted this long.

Be prepared to be impressed continuously if you think this is the 'last'.

 

[surface]

On the brink? I was at the local agency a few months ago trying to post a letter but they didn't have any stamps in stock
There's also several small towns here in the Western Cape which no longer have a postie, no more knock, ring, letters through the door. Instead residents collect their mail at the farmer's co-op.

in COJ, we use pigeons from Chyna which has more accuracy rate of delivering parcels. You WC guys need to catch up.

 

[Herr der Verboten]

SAPO on the brink of collapse

The South African Post Office (SAPO) is on the brink of collapse and is facing bankruptcy despite receiving R8 billion in bailouts since 2014.

This is a warning from the DA’s shadow deputy minister of communications and digital technologies, Cameron MacKenzie.

What does Ted Blostradamus say?