Minister: Govt is working hard to stabilise Post Office
Siyabonga Cwele has called on Sapo workers to give the state-owned company a chance to improve its finances.
JOHANNESBURG - Telecommunications and Postal Services Minister Siyabonga Cwele says government is working hard to stabilise the embattled South African Post Office (Sapo).
Mark Barnes was appointed as the parastatals CEO in December and has been tasked with steering the post office out of a financial crisis, crippled by strikes.
Last week, the Communication Workers Union (CWU) suspended a two-day national strike over a 10 percent wage increase following a meeting with management.
The union says it will review its decision in a month's time and determine whether to go on another strike.
Cwele has called on workers to give the state-owned company a chance to improve its finances.
"We've given the post office a R660 million cash injection. We are working with Mr Banes and National Treasury to raise this money from the private sector."