This continues the loss-making trajectory for the SOE that has received R8bn in bailouts over the past four years
People queue at the Parkview Post Office in Johannesburg. Picture: THE TIMES
The Post Office is one of several state-owned entities that has had to rely on government bailouts to stay afloat.received a whistle-blower’s report containing allegations against her including conflicts of interest and irregular extensions of contracts. Acting CEO Ivumile Nongogo said the projected loss for the year was not due to losses on the SA Social Security Agency project, which involves Sapo disbursing social grants to millions of beneficiaries of the body.
Makhubele outlined the growth strategy for the business to serve as a service platform offering digital services, and for its distribution network, warehouses and retail platform to be used by other businesses. Apart from Sassa, the National Lottery is also using Post Office branches for its sales, and government departments for their various services such as the delivery of schoolbooks and medicines and the payment of vehicle licences.
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