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R1bn losses for battered Post Office – Times LIVE

Times LIVE R1bn losses for battered Post OfficeTimes LIVEThe 2014-15 annual report which reflected more than R1-billion in losses raises the possibility the Post Office, which was hit by four strikes in that year, could no longer function as a going concern. CEO Mark Barnes said MPs should prepare for …

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Shaky Post Office owes creditors R884m – BDlive

Shaky Post Office owes creditors R884mBDliveTHE embattled South African Post Office (Sapo) owed R884m to creditors by mid-March, with R246m of this debt being older than four months, Telecommunications and Postal Services Minister Siyabonga Cwele said on Tuedsay. The minister, in a reply to a … More: continued here

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