Home / Post Office / LETTER: Post Office plan failing – BDlive

LETTER: Post Office plan failing – BDlive

LETTER: Post Office plan failing
BDlive
With a R1.8bn state guarantee and a further R1bn asked for by South African Post Office (Sapo) CEO Mark Barnes, the interest cost is more than R350m a year. Add the R125m monthly loss and the R900m millstone owed to creditors and suppliers, and it is …

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