Former Post Office CEO Mark Barnes penned an open letter to Communications Minister Khumbudzo Ntshavheni where he offered to buy a majority stake in the struggling company.
The South African Post Office needs Telkom's services to pay social grants and renew vehicle registrations.
Each cashless ATM issues a voucher, which the beneficiary can exchange for cash or goods at the local trader.
The Department of Communications and Digital Technologies briefe Parliament about its programmes and projects dealing with the coronavirus.
Pensioners will also receive R250 more for the next six months as part of government’s COVID-19 relief programme.
Earlier this year, the Post Office received a R1.5 billion 'public service mandate' or grant from National Treasury.
The 19-year-old University of Cape Town student was raped and murdered at a Claremont post office several months ago allegedly former employee Luyanda Botha.
The company recorded a loss of R14 million since January through fraud involving the new Sassa cards.
It said the contactless function on the cards, which were issued by the South African Social Security Agency, was abused by people who withdrew more than the limit of R200.
This after the State Security Agency found 174 postal workers with criminal records during a screening conducted in 2016.
CapeTalk’s Kieno Kammies speaks to Post Office CEO Mark Barnes about the allegations emanating from Angelo Agrizzi’s testimony.
The agency announced last week that the Post Office will take over cash payments to beneficiaries when the current contract with Cash Paymaster Services ends.
Post Office CEO Mark Barnes says the new agreement with the Sassa is a step forward towards sensible outcomes.
Mark Barnes says it only makes economic sense for the government to use its own infrastructure to take over from Cash Paymaster Services.
In a letter to interim Sassa chief executive Pearl Bengu, Treasury says that Sapo should not have been disqualified on three areas of the contract.
On Tuesday, Parliament heard that while Sassa says it can only offer the Post Office one out of a four-part contract due to it lacking in capability.
The CSIR was appointed last month to evaluate risks and financial implications of the Sapo helping with paying social grants.
The Post Office CEO says they have already demonstrated to Parliament that the parastatal is capable of distributing social grants.
