South African Post Office collapse

[Daily Investor]

South African Post Office collapse

The Post Office had 1,024 operational branches as of 30 June 2023, of which only 10.2% were profitable.

 

[Kung Fu Porkchop]

The Internet Explorer of news

 

[Gaz{M}]

The Internet Explorer of news

 

[Hemi300c]

One of quite a few not needed which should just close down but the anc doesn't want to because it'll show on the unemployment stats and lose votes
SABC
e-Toll
SAPOS
etc

 

[Kosmik]

I'm seriously wondering how the 10% are profitable?

 

[My_King]

Is die cadre kak al toe?

Roep my as die kak toe is...

 

[Sarg3_ZN]

1024 * 10.2% = 104.448.... How is half a branch profitable?

 

[DapperDanMan]

1024 * 10.2% = 104.448.... How is half a branch profitable?

The other half of the branch is staffed by 30-percenters.

 

[oros]

another one bites the dust! Or already has....

 

[Velskoen]

I'm seriously wondering how the 10% are profitable?

They make a profit when selling the parcels they steal.

 

[KleinBoontjie]

Staff costs were the main contributor to the high operating expenses.

The enemy to any large company, their payroll. The birth place of Corporate propaganda. "We love you, our work force...../but we don't want you, as you are a drain on C-suite salaries and bonuses."

Should stop blaming salaries for incompetent leaders.

 

[Shayd]

The question really is, if they go out of business... would anyone notice?

 

[RonSwanson]

 

[Fuzzbox]

DIE FFS.

 

[Jam Sandwich]

We need to bail them out...
Without SAPO the country will fail...

Oh... Wait...

 

[r00igev@@r]

Who is the Post Office?

 

[calvin-]

On Friday, my five year Irish residency card was delivered by the postwoman.

 

[Swa]

Soon we will probably be the only country you can't send stuff to because there's no post office.

The question really is, if they go out of business... would anyone notice?

Those who collect grants.

 

[Nerfherder]

South African Post Office collapse

The Post Office had 1,024 operational branches as of 30 June 2023, of which only 10.2% were profitable.

I'm actually blown away that they found 100 post offices that were profitable.

 

[StBlade]

Just die please!!
When sending a package with a PEP Stores courier service, cheaper and with SMS taking all the way to Balfour, Mpumalanga is faster than sending an envelope down the street in the same town with SAPO.... Says a lot!!