Despite a R2.4-billion February bailout from national treasury, the Post Office is struggling to keep its head above water.
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The South African Post Office plans to reduce its working hours and retrench employees in a bid to cut its wage bill.
Most of the money stolen came from the Sassa beneficiary grant payment system, CEO Lucas Ndala said.
The Post Office will no longer pay beneficiaries of the social relief of distress R350 grant at its branches, blaming long queues for the decision.
The Post Office has warned customers of fraudulent e-mails that are designed to make the receiver pay money into a scam account.
Khumbudzo Ntshavheni has notched up a couple of successes on her watch. But the communications minister now risks making a hash of things.
Communications minister Khumbudzo Ntshavheni said every South African learner will get a free, government-supplied e-mail address, with the project to kick off later this year.
Former Post Office CEO Mark Barnes has penned an open letter offering to buy a majority stake in the deeply troubled Post Office.
The Post Office has launched an online service for the renewal of motor vehicle licences.
Outgoing Takealot Group CEO Kim Reid said the South African Post Office should get the basics right – delivering the mail – before trying to enforce a monopoly over the delivery of parcels weighing less than 1kg.