Top Post Office officials yet to be held accountable
Sapo posted a loss of R1,5 billion for the 2014/15 financial year and is still technically insolvent.
CAPE TOWN - Top Post Office officials who allegedly helped steer the state entity into the ground have yet to be held to account, Parliament's watchdog over state spending has heard.
The standing committee on public accounts (Scopa) has been grilling the chairperson of the South African Post Office (Sapo) board on the ailing state entity's dismal results for the 2014/2015 financial year.
Sapo chair Dr Simosezwe Lushaba says the Post Office couldn't afford to continue with disciplinary proceedings against the former chief executive and chief financial officer.
Disciplinary hearings against the Post Office's former chief executive and ex-chief financial officer and paying their salaries while suspended for a year cost nearly R6 million.
Lushaba says the board decided to cut its losses and halted the hearings.
"Unfortunately it was just taking too long and the organisation did not have the money."
The CEO, Christopher Hlekane, and CFO, Khumo Mzozoyana, resigned from their posts.
Lushaba said, "I fully agree that this is not an ideal outcome. It's not what we wanted, it's not what I wanted when I preferred those charges, and we wanted to hold those executives accountable for what we think were serious transgressions."
The Post Office posted a loss of R1,5 billion for the 2014/15 financial year and is still technically insolvent.