SA Post Office chief executive Mark Barnes says he believes the organisation will become a critical element in financial inclusion in the country.
Minister Siyabonga Cwele ensuring the financial stability of the SA Post Office is a top priority.
The CWU says workers will go on a strike as they have not had a salary increase for three years.
Post Office CEO Mark Barnes gives 702's John Robbie the low-down on Post Office Debt, a R650m cash injection & saving Sapo from a complete collapse.
Post Office CEO says if it doesn't urgently pay creditors, all services will come to a standstill.
During the Budget speech government promised to give the post office a R650 million cash injection.
The Post Office board's chairperson and his deputy were absent from Scopa’s meeting in Parliament.
While Mark Barnes painted a grim picture of Sapo’s financial state, he was upbeat about its prospects.
Mark Barnes says it expects to post a loss of just over R1 billion at the end of this financial year.
Mark Barnes says his plan is to turn Sapo into an asset and to turn bailouts into investments.
