Why former SAPO CEO Mark Barnes resigned

Bradley Prior

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Why former SAPO CEO Mark Barnes resigned

SA Post Office (SAPO) CEO Mark Barnes resigned with immediate effect on Thursday, citing differences on a forward strategy in relation to the structure of the group, in particular the location of Postbank.

The state-owned enterprise said in a statement that “following discussions on Barnes’ resignation with the Board, the parties are in agreement on an amicable separation”.
 

hj007

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Man wants to start a bank but did he fix the post office, you know, to be able to send post?
I guess a postal model is mostly loss making in the digital age. Rather close it down slowly and redirect tax money to useful services.
 

jouda

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The post office has one job, to receive and deliver mail and packages. It's nothing new, its been done for decades. How can you try and take on more of you cant do that one thing right?????
 

gamer16

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I know you can't be bothered to keep the same story to one article because ad revenue but can you at least use a respectable photo, that one looks like he has realized he soiled his pants but doesn't feel so bad anymore because he realized he is wearing double underpants.
 

deweyzeph

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You must have rocks in your head if you would trust a state-owned bank with your money. Low-income people would be better off with a Capitec account.
 

jetlee

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I guess a postal model is mostly loss making in the digital age. Rather close it down slowly and redirect tax money to useful services.
I disagree .. the more people buy online, the more relevant a solid delivery network becomes. Obviously the post office are rubbish at delivering, but I would think becoming great at delivering would open up massive revenue opportunity.
 

Bad1

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They dont want to follow his plans because they want to loot loot loot, STEAL, loot, steal and steal again, post office into spaza shop, watch this space, give it 2months, i say, SAPO =SASS, SOUTH AFRICAN SPAZA SHOP!
 

Bad1

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Eskom- shocking spaza shop
Government hospitals-super bug spaza
Transnet - gupta and sons spaza
Telkom - was going strong until signed deal with vodacom, backhand bonus spaza
SAA-fly high spaza
Multichoice - high class spaza with retrenchments
Post office - no hope spaza
 

Thor

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This would reportedly be done by inserting a Postbank-controlling company between the Post Office and Postbank.

^all I read there is hand in the cookie jar
 

zunaidp

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While Mark Barnes wanted to follow global standards, the SA government wanted to use another route (which leads to corruptions and oblivion). This is a serious loss of intelligence, revenue and impact to the already diminishing economy.

We're just a few kilometers or days away from becoming another "Banana Republic" just like our neighbor, Zimbabwe.
 

Ancalagon

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They can't deliver letters but they want people to trust them with their money? Ha ha!

I wouldn't trust SAPO with a handwritten note inside an envelope that cost me 50c, and now they want to take people's money?
 

Daruk

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Kind of as we guessed.

Barnes wanted to try do things right, and the idiots above him fscked it up.
Basically he wanted to do right by the poor and bring costs down but others saw an opportunity to insert an additional technical layer that would have cost the taxpayer and made money for the cronies.
 

Daruk

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I know you can't be bothered to keep the same story to one article because ad revenue but can you at least use a respectable photo, that one looks like he has realized he soiled his pants but doesn't feel so bad anymore because he realized he is wearing double underpants.
Yoh dude, whinge whinge whinge
Sounds like you soiled your panties
 

Rocket-Boy

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In all honesty he was doomed before he even started the job.
SAPO like all SEO's is crippled by unions and their workers, the CEO can do very little with what they have to work with.
 

system32

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Read the who article.
Could not find the real reason.
What's the real reason?
 
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