The Post Office is seeking another R3.8-billion bailout – but under a rescue plan, a jobs bloodbath seems inevitable.
Browsing: Post Office
The Post Office and Postbank this week described to MPs two institutions in disarray and losing money.
Post Office branches in KwaZulu-Natal anticipate not having sufficient cash on hand due to delivery delays.
The DA will lodge an urgent complaint at the Human Rights Commission against minister of social development Lindiwe Zulu.
Postbank’s legal dispute with payment switch provider has shed light on ongoing troubles in the payment of social grants.
The SABC may once again be teetering on the edge of financial collapse, with worries over the corporation’s sustainability.
Government wants to bail out the failed Post Office with billions of rand more in taxpayers’ money. It’d be better to let it die.
Communications minister Mondli Gungubele said government is working to save the South African Post Office.
The Post Office, which is facing liquidation, has not been paying over pension contributions in spite of a court order to do so.
Government has requested more information from the state-controlled Post Office about financial problems that threaten its survival.