Sapo
Parliament wants struggling SOEs to explain continuous pleas for bailouts
National Treasury told MPs that the SABC had asked for R4.9 billion in financial support, the Post Office (Sapo) needed R1.5 billion, and the Airports Company...
In about two weeks, the post office will launch the second phase of its rollout of cashless ATMs which will be available at local spazas.
The company recorded a loss of R14 million since January through fraud involving the new Sassa cards.
The accused was one of 174 employees who had criminal convictions and his related to a car hijacking in 1998 for which he served five years in prison.
The backlog follows a six-week strike by workers that left the Post Office with 38 million undelivered parcels.
Thousands of people were turned away from distribution centres after Sassa and the Post Office experienced problems with its payment systems.
There’s still no firm agreement signed between Sassa and Sapo to take over the social grant payment system, but there appears to be commitments to use more of its services.
Sassa and the Post Office met in Parliament on Tuesday to try and break a deadlock related to the payment of social grants.
The Post Office says it’s not prepared to accept an offer that will only see it provide a payment system.
Interim chief executive Pearl Bengu told a joint meeting of two Parliamentary committees on Tuesday night, that the Post Office is not able to meet all its requirements.
The Communications Workers Union served the Post Office with a 48-hour notice to strike last week.
The Post Office CEO says they have already demonstrated to Parliament that the parastatal is capable of distributing social grants.
The Post Office’s Mark Barnes says they have offered their services before and are happy to do so now.
The company says it's close to raising the amount to settle 'mismanagement of its funds'.
Sapo’s CEO says the last major strike in 2014 resulted in a 30 percent revenue loss for the Post Office.
Several workers marched in the Cape Town CBD to deliver a memorandum to Sapo.
Workers are demanding a salary increase of 10% while the employer has not made any counter offer.
The SA Post Office is expected to record a loss of more than R1 billion in the 2015/16 financial year.
Sapo owes about R245 million to more than 2,000 creditors.